An investor holds shares i three independents companies, companies A, B and C. An analyst predicts the probability of profit increases for each company as follows:

Company A: 0.70

Company B: 0.50

Company C: 0.65

1. If the analyst’s predictions are correct, what is the probability that all 3 companies show a profit increase? (express your answer to the nearest hundredth of one percent)

2. If the analyst’s predictions are true, what is the probability that at least one company shows a profit increase?(express your answer to the nearest hundredth of one percent)

## Solution:

##
Looking for help with your homework?

Grab a 30% Discount and Get your paper done!

Place an Order