A financial analyst was facing the task of selecting mutual funds to purchase for a client's portfolio.

Question:

A financial analyst was facing the task of selecting to purchase for a client's portfolio. Suppose that the number of funds had been narrowed to 12 funds instead of the 10 funds (still with 6 growth funds) in Example 5.7. What is the probability that of the 4 funds selected,
a. Exactly 1 is a growth fund?
b. At least 1 is a growth fund?
c. 3 are growth fund?
d. Compare the result of (c) to the result of Example 5.7.
For Information: In Example 5.7 Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...