Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. in a survey of 200 employees of a company regardin

In a survey of 200 employees of a company regarding their 401(k) investments, the following...

80.2K

Verified Solution

Question

Finance

In a survey of 200 employees of a company regarding their 401(k) investments, the following data were obtained.

131 had investments in stock funds.
89 had investments in bond funds.
67 had investments in money market funds.
48 had investments in stock funds and bond funds.
36 had investments in stock funds and money market funds.
34 had investments in bond funds and money market funds.
23 had investments in stock funds, bond funds, and money market funds.

(a) What is the probability that an employee of the company chosen at random had investments in exactly two kinds of investment funds? (Enter your answer to three decimal places.) (b) What is the probability that an employee of the company chosen at random had investments in exactly one kind of investment fund? (Enter your answer to two decimal places.) (c) What is the probability that an employee of the company chosen at random had no investment in any of the three types of funds? (Enter your answer to three decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students