Alison has all her money invested in two mutual funds, A and B. She knows that there is a 35% chance that fund A will rise in price, and a 60% chance that fund B will rise in price given that fund A rises in price. What is the probability that both fund A and fund B will rise in price? A. 0.58 B. 0.94 C. 0.21 D. 1.00

Alison has all her money invested in two mutual funds, A and B. She knows that there is a 35% chance that fund A will rise in price, and a 60% chance that fund B will rise in price given that fund A rises in price. What is the probability that both fund A and fund B will rise in price? A. 0.58 B. 0.94 C. 0.21 D. 1.00

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter12: Probability

Section12.3: Conditional Probability; Independent Events; Bayes' Theorem

Problem 4YT: YOUR TURN At a local college, 4/5 of the students live on campus. Of those who live on campus, 25...

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