ZuoTi.Pro
Question

A mutual fund company offers its customers a variety of funds: a money-market fund, three different...


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 24% 

Short bond 14%

Intermediate bond 7% 

Long boncd 5%

High-risk stock 18%

Moderate-risk stock 25% 

Balanced 7% 


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

 (b) What is the probability that the individual owns shares in a bond fund?

 (c) What is the probability that the selected individual does not own shares in a stock fund? 

math   Statistics-And-Probability   
16 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

2 2
Add a comment
Know the answer?
Add Answer to:
A mutual fund company offers its customers a variety of funds: a money-market fund, three different...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • A mutual fund company offers its customers a variety of funds: a money-market fund, three different...

    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 22%    High-risk stock 16% Short bond 12%    Moderate-risk stock   25% Intermediate bond   5%    Balanced 15% Long bond 5%                A customer who...

  • mu ud fund compan u ers ts cus urmers d variety o funds: d mune -marke...

    mu ud fund compan u ers ts cus urmers d variety o funds: d mune -marke und the parcantagas af custamars in tha differant funds are as fallows. rerent buid unds shur intermediate aru on und rete dnu hig 1-tisk dnd d d dnced und in ng customers wh u nn shares in us one fun ree errn v o s o ma u Maney-market Short hond Intermediate bond 5% Long bond 25% 14% High-risk stock Moderate-risk stock Balanced 2596...

  • A pension fund manager is considering three mutual funds. The first is a stock fund, the...

    A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 5.6%. The probability distributions of the risky funds are: Expected Return Standard Deviation Stock fund (S) 17% 46% Bond fund (B) 8% 40% The correlation between the fund returns is 0.0600. What is the expected return and standard deviation for...

  • A pension fund manager is considering three mutual funds. The first is a stock fund, the...

    A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 4.7%. The probability distributions of the risky funds are: Expected Return Standard Deviation Stock fund (S) 17% 37% Bond fund (B) 8% 31% The correlation between the fund returns is 0.1065. What is the expected return and standard deviation for...

  • A pension fund manager is considering three mutual funds. The first is a stock fund, the...

    A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 4.4%. The probability distributions of the risky funds are: Expected Return Standard Deviation Stock fund (S) 14% 34% Bond fund (B) 5% 28% The correlation between the fund returns is 0.0214. What is the expected return and standard deviation for...

  • A pension fund manager is considering three mutual funds. The first is a stock fund, the...

    A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 3.0%. The probability distributions of the risky funds are: Expected Return Standard Deviation Stock fund (S) 12% 41% Bond fund (B) 5% 30% The correlation between the fund returns is 0.0667. What is the expected return and standard deviation for...

  • A pension fund manager is considering three mutual funds. The first is a stock fund, the...

    A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 4.6%. The probability distributions of the risky funds are: Expected Return Standard Deviation Stock fund (S) 16% 36% Bond fund (B) 7% 30% The correlation between the fund returns is 0.0800. What is the Sharpe ratio of the best feasible...

  • A pension fund manager is considering three mutual funds. The first is a stock fund, the...

    A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 5.5%. The probability distributions of the risky funds are: Exp. Ret Stan. Dev. Stock fund (S) 16% 45% Bond fund (B) 7% 39% The correlation between the fund returns is 0.0385. What is the Sharpe ratio of the best feasible...

  • A pension fund manager is considering three mutual funds. The first is a stock fund, the...

    A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 4.6%. The probability distributions of the risky funds are: Standard deviation Expected Return 168 Stock fund (S) Bond fund (3) 301 The correlation between the fund returns is 0.0800. What is the Sharpe ratio of the best feasible CAL? (Do...

  • A pension fund manager is considering three mutual funds. The first is a stock fund, the...

    A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 3.0%. The probability distributions of the risky funds are: Expected Return 12% Stock fund (5) Bond fund (B) Standard Deviation 41% 30% The correlation between the fund returns is 0.0667 What is the Sharpe ratio of the best feasible CAL?...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT