asked 133k views
0 votes
The probability of Jamie making money investing in bonds is 1/20. The probability of Jamie making money investing in stocks is 82% percent.

asked
User MJBZA
by
8.2k points

2 Answers

5 votes
One interpretation of this problem would be:

The prob. that Jamie both makes money in both bonds and stocks is

(1/20)(0.82), approximately. That comes out to 0.041. This is true onlyl if the two given events are completely independent, which is most likely not the case, because simiilar business climates affect both stocks and bonds.

answered
User Maecy M
by
9.2k points
4 votes

Answer:

B = Jamie makes more money investing in stocks

Explanation:

The probability of Jamie making money investing in bonds is 1/20. The probability-example-1
answered
User Hong Wei
by
9.0k points
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