Suppose that the probability that LIBOR (London inter-bank offered rate) will increase next trimester is 0.025. Assume
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Question:
Suppose that the probability that LIBOR (London inter-bank offered rate) will increase next trimester is 0.025. Assume also that the probability that your company will open a new branch overseas is 0.20. If the probability that at least one of the two events occurs, i.e., LIBOR increases and/or your company opens a new overseas branch, is 0.21, what is the probability that both events occur?
a) 0.225
b) 0.015
c) 0.010
d) 0.007
e) 0.005
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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