A superannuation company offers seven different types of funds that members can choose to invest in. Two

Question:

A superannuation company offers seven different types of funds that members can choose to invest in. Two of these funds involve a portfolio that exposes investors to a high level of risk. Using only this information, what method of assigning probabilities can be used to determine the probability that a member will invest in a fund that is deemed to be of a high risk? Determine this probability. Write a short paragraph that describes the advantages and disadvantages of the method used to determine the probability.

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...

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