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Investment advisors might subscribe to the Business Times (BT) or Straits Times (ST). For those investment...

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Question

Basic Math

Investment advisors might subscribe to the Business Times (BT)or Straits Times (ST). For those investment advisors who subscribeto at least one of the papers, one-third subscribe to only onenewspaper, ST, and one-fourth subscribe to only one newspaper, BT.40% of the investment advisors subscribe to both papers. (a)Complete the probability table below (the grey boxes).

BT BTC TOTAL

ST

STC

TOTAL 1

Total 1.0 (b) Suppose an investment advisor receives at leastone of the papers. What is the probability they receive the BT?

Answer & Explanation Solved by verified expert
4.0 Ratings (832 Votes)
a 13 rd to only STthat is 03333 to onlyST14 th to only BTthat is 025 to onlyBT04 to both papers04 to both    See Answer
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