Question: Can you help me out with a step by step explanation. I get confused on what to do. The problem is below: It is estimated30%of

Can you help me out with a step by step explanation. I get confused on what to do. The problem is below:

It is estimated30%of all adults in United States invest in stocks and that83%of U.S. adults have investments in fixed income instruments (savings accounts, bonds, etc.). It is also estimated that26%of U.S. adults have investments in both stocks and fixed income instruments.

(a)What is theprobabilitythat a randomly chosen U.S. adult invests in stocks, given that he or she invests in fixed income instruments? Round your answer to the nearest hundredth.

(b)What is the probability that a randomly chosen stock investor also invests in fixed income instruments? Round your answer to the nearest hundredth.

Thank you for your help.

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