Question: 1 . Ameya made 4 0 % of investment in personal business, 2 0 % in stocks and the rest in mutual funds. There are

1. Ameya made 40% of investment in personal business, 20% in stocks and the rest in mutual funds. There are 20%,10% and 15% of chances in obtaining profit in personal business, stocks and mutual funds respectively.
(a) What is the probability that Ameya gets profit?
(b) Given that Ameya got some profit, what are the probabilities that he got it from personal business, stocks and mutual funds?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...

Q:

KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...

Q:

Northern Virginia Community College HOW MUCH FINANCIAL RISK SHOULD YOU TAKE? Mark D. D'Antonio Nova Southeastern University FORT LAUDERDALE, FLORIDA, U.S.A. Abstract A successful retirement...

Q:

In year 1, the prices of goods X, Y, and Z are $2, $4, and $6 per unit, respectively. In year 2, the prices of good X, Y, and Z are $3, $4, and $7, respectively. In year 2, twice as many units of...

Q:

Describe the process of performing an external audit in an organization doing strategic planning for the first time.

Q:

A properly exposed photograph is taken at f / 16 and 1/100 s. What lens opening is required if the shutter speed is 1/400 s?

Q:

preparing job application materials (e.g., cover letters and rsums);

Q:

Overview The milestone for Project One involves applying accounting principles and methods to long-term liabilities and equity. You will also evaluate these financial statement components for...

Q:

Q) Payroll Fraud: John Smith worked in the stockyard of a large building supply company. One day he unexpectedly left for California, never to return. His foreman seized the opportunity to continue...

Q:

7. Arnold Schwarzenegger and Fernand Leger have been stranded on a desert island. The only foods available to them are oranges and blackberries. Schwarzenegger is endowed with 2 oranges and 5...

Q:

Build a stakeholder register for this You work for the local school district. A new mandate has been handed down that requires every school to record all verified student immunization records into...

Q:

The Scenario FordDirect (http://www.forddirect.com Links to an external site.) sells digital products to 4000+ Ford and Lincoln dealerships to help market and sell Ford and Lincoln vehicles A dealer...

Q:

The photograph below shows the interference of two water waves produced by two coherent sources operating at the same frequency and in phase. The waves travel outward at a constant speed from the two...

Q:

The majority of information needed to answer these can be found through our website. However, in cases where it isn't, please use your imagination and creativity to come up with a personally tailored...

Q:

Mary Kate is an intern with a minor league baseball team. She says, I report to two managers: the director of marketing and the director of community relations. From time to time, the director of...

Q:

uestion 2 Consider the following data representing the mass and metabolism rate of different animals: ANIMAL MASS (KG) METABOLISNM (WATTS) 270 82 50 4.8 1.45 0.97 400 70 45 cOW HUMAN SHEEP HEN RAT...

Q:

The unadjusted trial balance of Secretarial Services is as follows: SECRETARIAL SERVICES Unadjusted Trial Balance as at 31 December 2017 Account Debit Credit Cash at bank Office supplies Prepaid...

Q:

A total of m white and m black balls are distributed among two urns, with each urn containing m balls. At each stage, a ball is randomly selected from each urn and the two selected balls are...

Q:

A group of n processors is arranged in an ordered list. When a job arrives, the first processor in line attempts it; if it is unsuccessful, then the next in line tries it; if it too is unsuccessful,...

Q:

For a time reversible Markov chain, argue that the rate at which transitions from i to j to k occur must equal the rate at which transitions from k to j to i occur.