Explore BrainMass

Explore BrainMass

    Basic Probability Problems

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Data on the 30 largest bond funds provided one-year and five-year percentage returns for the period ending March 31,2000. Suppose we consider a one-year return in excess of 2% to be high and a five-year return in excess of 44% to be high. One-half of the finds had a one-year return in excess of 2%, 12 of the funds had a five-year return in excess of 44%, and six of the funds had a one-year return in excess of 2% and a five-year return in excess of 44%.

    a. Find the probability of a fund having a high one-year return, the probability of having a five-year return, and the probability of having both a high one year return and a hight five-year return.
    b. What is the probability that a fund has a high one-year return or a high five-year return or both?
    c. What is the probability that a fund has neither a high one-year return nor a high five-year return?

    © BrainMass Inc. brainmass.com March 4, 2021, 7:48 pm ad1c9bdddf
    https://brainmass.com/statistics/probability/124520

    Solution Summary

    The solution gives the details of calculation of some basic probability problems. Step by step procedure is given with interpretations of the results obtained.

    $2.49

    ADVERTISEMENT