In Example 5.6 on page 203, a financial analyst was facing the task of selecting bond mutual

Question:

In Example 5.6 on page 203, a financial analyst was facing the task of selecting bond to purchase for a client's portfolio. Suppose that the number of funds had been narrowed to 12 funds instead of the ten funds (still with 6 short-term corporate funds) in Example 5.6. What is the probability that of the four funds selected,
a. Exactly 1 is a short-term corporate bond funds?
b. At least 1 is a short-term corporate bond fund?
c. Three are short-term corporate bond funds?
d. Compare the results of (c) to that of Example 5.6. 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...