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Mathematics, 01.06.2021 15:40 gabbymay85

A mutual fund company offers its customers a variety of funds: a money-market fund, three different bond funds (short, intermediate, and long-term), two stock funds (moderate and high-risk), and a balanced fund. Among customers who own shares in just one fund, the percentages of customers in the different funds are as follows: Money-market 20% High-risk stock 18% Short bond 15% Moderate-risk stock 25% Intermediate Balanced 7% bond 10% Long bond 5% A customer who owns shares in just one fund is randomly selected. a. What is the probability that the selected individual owns shares in the balanced fund

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