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Qmb3200 Applied Business Statistics

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A survey of 200200

college graduates who have been working for at least three years found that

8585

owned only mutual funds,

4040

owned only stocks, and

7575

owned both.

a. What is the probability that an individual owns a stock? A mutual fund?

b. What is the probability that an individual owns neither any stocks nor mutual funds?

c. What is the probability that an individual owns a stock, a mutual fund, or both?

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Qmb3200 Applied Business Statistics

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