The Dogs of the Dow are the stocks listed on the Dow with the highest dividend...
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The "Dogs of the Dow" are the stocks listed on the Dow with the highest dividend yield. The following table shows the top ten stocks of the "Dogs of the Dow" list for 2015, based on their performance the preceding year. HINT [See Example 2.] Symbol Company Price ($) Yield T AT&T 33.59 5.48% VZ Verizon 46.78 4.70% CVX Chevron 112.18 3.82% MCD McDonald's 93.70 3.63% PFE Pfizer 31.15 3.60% GE General Electric 25.27 3.48% MRK Merck 56.79 3.17% CAT Caterpillar 91.53 3.06% XOM ExxonMobil 92.45 2.99% KO Coca-Cola 42.22 2.89% If you selected two of these stocks at random, what is the probability that both the stocks in your selection had yields of 3.75% or more? (Enter your probability as a fraction.) The "Dogs of the Dow" are the stocks listed on the Dow with the highest dividend yield. The following table shows the top ten stocks of the "Dogs of the Dow" list for 2015, based on their performance the preceding year. HINT [See Example 2.] Symbol Company Price ($) Yield T AT&T 33.59 5.48% VZ Verizon 46.78 4.70% CVX Chevron 112.18 3.82% MCD McDonald's 93.70 3.63% PFE Pfizer 31.15 3.60% GE General Electric 25.27 3.48% MRK Merck 56.79 3.17% CAT Caterpillar 91.53 3.06% XOM ExxonMobil 92.45 2.99% KO Coca-Cola 42.22 2.89% If you selected two of these stocks at random, what is the probability that both the stocks in your selection had yields of 3.75% or more? (Enter your probability as a fraction.)
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