A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Betsy is going to purchase some stock. She is trying to choose between 7 tech stocks (one of which is Microsoft) and 12 industrial stocks (one of which is Bethlehem Steel).
(a) If she randomly chooses a stock, what is the probability it will be a tech stock?
(b) If she randomly chooses a stock, what is the probability it will be Microsoft?
(c) If she decides to choose one of the tech stocks, what then is the conditional probability that it will be Microsoft?
(d) If she decides to choose one of the industrial stocks, what is the probability it will be Bethlehem Steel?
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Transcribed Image Text:Betsy is going to purchase some stock. She is trying to choose between 7 tech stocks (one of which is Microsoft) and 12 industrial stocks (one of which is Bethlehem Steel). (a) If she randomly chooses a stock, what is the probability it will be a tech stock? (b) If she randomly chooses a stock, what is the probability it will be Microsoft? (c) If she decides to choose one of the tech stocks, what then is the conditional probability that it will be Microsoft? (d) If she decides to choose one of the industrial stocks, what is the probability it will be Bethlehem Steel?
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