An investor has the option of investing in three of five recommended stocks. Unknown to her, only

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An investor has the option of investing in three of five recommended stocks. Unknown to her, only two will show a substantial profit within the next 5 years. If she selects the three stocks at random (giving every combination of three stocks an equal chance of selection), what is the probability that she selects the two profitable stocks? What is the probability that she selects only one of the two profitable 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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Introduction To Probability And Statistics

ISBN: 9781133103752

14th Edition

Authors: William Mendenhall, Robert Beaver, Barbara Beaver

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