Refer to Exercise 56. Suppose 9 of the 13 stocks are growth stocks and four are income

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Refer to Exercise 56. Suppose 9 of the 13 stocks are growth stocks and four are income stocks.
In Exercise 56
Samir is selecting stocks for his portfolio. He has 13 candidate stocks from which he intends to select eight. How many different portfolios of eight stocks are possible?
a. How many of the possible eight-stock portfolios that you counted in Exercise 56 would consist of exactly fve growth stocks and three income stocks?
b.
If you just randomly selected eight of the 13 stocks, how likely is it that your portolio would end up containing exactly fve growth stocks and three income stocks?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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