A department store manager has monitored the number of complaints received per week about poor servi
Question: A fund manager is considering investment in the stock of a health care provider. The manager’s assessment of probabilities for rates of return on this stock over the next year is summarized in the accompanying table. Let A be the event “Rate of return will be more than 10%” and B the event “Rate of return will be negative”
Rate of Return <10% -10%-0% 0%-10% 10%-20% >20%
Probability 0.04 0.14 0.28 0.33 0.21
(a) Find the probability of event A.
(b) Find the probability of event B.
(c) Describe the event that is the complement of A and find its probability.
(d) Describe the event that is the union of A and B and find its probability.
(e) Describe the event that is the intersection of A and B and find its probability.
(f) Are A and B mutually exclusive?
(g) Are A and B collectively exhaustive?
(h) Are A and B independent?
Deliverables: Word Document
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