c.What is the probability that during 2008 two or fewer had 80% or more of their investment in stocks?
d. What is the probability that during 2008 three or more had 80% or more of their investment in stocks?
C What Is The Probability That During 2008 Two Or Fewer Had 80 Or More Of Their Investment In Stocks D What Is The 1 (22.83 KiB) Viewed 27 times
Investment advisors agree that noarretirees defined as people aged 55 to 65, should have balanced portfolios. Most advisors suggest that the near-retrees have no more than 50% of their investments in stocks. However, during the huge decline in the stock market in 2008, 26% of near-retirees had 85% or more of their investments in stocks. Suppose you have a random sample of 10 people who would have been labeled as neat-retiteos in 2008 Complete parts (a) through (d) below th Com a. What is the probability that during 2008 none had 85% or more of their investment in stocks? The probability is 0 0492 (Round to four decimal places as needed) b. What is the probability that during 2008 exactly one had 85% or more of his or her investment The probability is M (Round to four decimal places as needed) stocks?
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