Investing in the stock market can offer plenty of benefits and involve some risks. If an investor participates in the stock market, the probability that he or she loss on the investment is 0.13. If the investor does not invest in the stock market, the probability that he or she gain profit is 0.10. Assume that 3% of the investors being participated in the stock market and suppose that one investor is chosen at random and tested. Calculate the probability that a) this investor does invest in the stock market given that he or she gains profit
Investing in the stock market can offer plenty of benefits and involve some risks. If an investor participates in the stock market, the probability that he or she loss on the investment is 0.13. If the investor does not invest in the stock market, the probability that he or she gain profit is 0.10. Assume that 3% of the investors being participated in the stock market and suppose that one investor is chosen at random and tested. Calculate the probability that a) this investor does invest in the stock market given that he or she gains profit
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...
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Investing in the stock market can offer plenty of benefits and involve some risks.
If an investor participates in the stock market, the probability that he or she loss
on the investment is 0.13. If the investor does not invest in the stock market, the
probability that he or she gain profit is 0.10. Assume that 3% of the investors
being participated in the stock market and suppose that one investor is chosen
at random and tested. Calculate the probability that
a) this investor does invest in the stock market given that he or she gains profit
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