Work each problem.

Refer to Exercise 31. Suppose the percents and probabilities in the table are estimates of annual growth during the next 3 yr. What is the probability that an investment of $10,000 will grow in value to at least $15,000 during the next 3 yr?

Exercise 31.

Percent Growth ..................................Probability

5 ...............................................................0.15

8 ...............................................................0.20

10 .............................................................0.35

14 .............................................................0.20

18 .............................................................0.10