Finite Math and Applied Calculus (6th Edition)

Published by Brooks Cole
ISBN 10: 1133607705
ISBN 13: 978-1-13360-770-0

Chapter 7 - Section 7.4 - Probability and Counting Techniques - Exercises - Page 493: 11

Answer

$\displaystyle \frac{1}{15}$

Work Step by Step

$P(E)=\displaystyle \frac{\text{Number of favorable outcomes}}{\text{Total number of outcomes}}=\frac{n(E)}{n(S)}$ $n(S)=C(10,2)=45$ $E$ =(2 of the 3 stocks with $4\%+$ yields) AND (0 of the other 7) $n(E)=C(3,2)\cdot C(7,0)=3$ $P(E')=\displaystyle \frac{3}{45}=\frac{1}{15}$
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