Math, asked by priyamacahya2053, 1 year ago

Among a group of 2500 people, 35 percent invest in municipal bonds, 18 percent invest in oil stocks, and 7 percent invest in both municipal bonds and oil stocks. If 1 person is to be randomly selected from 2500 people, what is the probability that the person selected will be one who invests in municipal bonds but not in oil stocks?

Answers

Answered by student00001
1

Answer:

7/25 is the probability.

35 percent invests in municipal bonds. 

It also includes 7% who invested in both municipal bonds and oil stocks.

So, 35-7 = 28% invests in municipal bonds but not in oil stocks

Therefore, probability = 28/100 = 7/25

7/25 is probability of person only invest in municipal bonds.

Hope it's helpful for you mate

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