[Solution] The survey of 100 MBA students found that 55 owned mutual funds, 30 owned stocks and 20 owned both. Are the outcomes mutually exclusive? Explain.

Question: The survey of 100 MBA students found that 55 owned mutual funds, 30 owned stocks and 20 owned both.

Are the outcomes mutually exclusive? Explain.
What is the probability that a student owns a stock? A mutual fund?
What is the probability that a student owns neither stocks not mutual funds?
What is the probability that a student owns either stocks or mutual funds?

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[Solution] The survey of 100 MBA students found that 55 owned mutual funds, 30 owned stocks and 20 owned both. Are the outcomes mutually exclusive? Explain.

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