The "Dogs of the Dow" are the stocks listed on the Dow with the highest dividend yield. The following table shows the top ten stocks of the "Dogs of the Dow" list for 2015, based on their performance the preceding year. HINT [See Example 2.] Symbol Company Price ($) Yield Source: www.dogsofthedow.com. т AT&T 33.59 5.48% VZ Verizon 46.78 4.70% CVX Chevron 112.18 3.82% MCD McDonald's 93.70 3.63% PFE Pfizer 31.15 3.60% GE General Electric 25.27 3.48% MRK Merck 56.79 3.17% САТ Caterpillar 91.53 3.06% Хом ExxonMobil 92.45 2.99% KO Соса-Cola 42.22 2.89% If you selected two of these stocks at random, what is the probability that both the stocks in your selection had yields of 3.5% or more?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.5: Percent Of Change
Problem 4C
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The "Dogs of the Dow" are the stocks listed on the Dow with the highest dividend yield. The following table
shows the top ten stocks of the "Dogs of the Dow" list for 2015, based on their performance the preceding
year. HINT [See Example 2.]
Symbol
Company
Price ($)
Yield
Source: www.dogsofthedow.com.
AT&T
33.59
5.48%
VZ
Verizon
46.78
4.70%
CVX
Chevron
112.18
3.82%
MCD
McDonald's
93.70
3.63%
PFE
Pfizer
31.15
3.60%
GE
General Electric
25.27
3.48%
MRK
Merck
56.79
3.17%
CAT
Caterpillar
91.53
3.06%
Хом
ExxonMobil
92.45
2.99%
KO
Соса-Cola
42.22
2.89%
If you selected two of these stocks at random, what is the probability that both the stocks in your selection
had yields of 3.5% or more?
Transcribed Image Text:The "Dogs of the Dow" are the stocks listed on the Dow with the highest dividend yield. The following table shows the top ten stocks of the "Dogs of the Dow" list for 2015, based on their performance the preceding year. HINT [See Example 2.] Symbol Company Price ($) Yield Source: www.dogsofthedow.com. AT&T 33.59 5.48% VZ Verizon 46.78 4.70% CVX Chevron 112.18 3.82% MCD McDonald's 93.70 3.63% PFE Pfizer 31.15 3.60% GE General Electric 25.27 3.48% MRK Merck 56.79 3.17% CAT Caterpillar 91.53 3.06% Хом ExxonMobil 92.45 2.99% KO Соса-Cola 42.22 2.89% If you selected two of these stocks at random, what is the probability that both the stocks in your selection had yields of 3.5% or more?
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