# Question: Refer to Exercise 56 Suppose 9 of the 13 stocks

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 portolio would end up containing exactly fve growth stocks and three 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 portolio would end up containing exactly fve growth stocks and three income stocks?

**View Solution:**## Answer to relevant Questions

Nine frefghting teams are currently available for assignment. Six forest fres are burning out of control in different locations around the state. If only one team will be assigned to each fre, how many differ-ent assignments ...As the night Editor for Yahoo! News, you are waiting for two of your reporters—Abbott and Bocelli—to phone in breaking stories before the website’s next scheduled update. You decide that the probability of Abbott ...Needing to get to Houston tomorrow, you book a fight on two different airlines, knowing that there’s a chance that the fights will be overbooked and that you could be “bumped” (that is, forced to take a later fight). ...The table below appeared in Exercise 5. It shows the year-to-year US sales trends or fve auto companies headquartered in the US and Japan. You plan to randomly choose one company from the group. Find the following ...Refer to the situation in Exercise 88. Suppose an employee is chosen randomly and that the employee’s test identifes him/her as a drug user. Use Bayes’ theorem to revise the probability that the person chosen is actually ...Post your question