math 218 fall 2003 final

# In order to decide whether to play game b or game c

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Unformatted text preview: to operate for the day. In order to decide whether to play Game B or Game C, you ﬁrst ﬂip a fair coin. What is the probability that you win a game? 1 Problem 3. An investor’s portfolio will be made up of two ﬁnancial instruments – stocks and bonds. (a) There are 9 units of stocks and 6 units of bonds available. Suppose an investor selects 10 units of securities from these stocks and bonds at random without replacement to make up a portfolio. Find the probability that the portfolio will contain 6 units of stocks and 4 units of bonds. (b) For a particular stock, the probability that its price increases from its price on the previous trading day is 0.6. Find the probability that its price increases on ex...
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