00:01
Good day, we note that the sum of the probability must be equal to 100%.
00:05
This problem is given that a mutual fund company offers its customers a variety of funds, and the probability of each of this variety is given here in the table.
00:17
Now among the customers who own shares in just one fund, we wish to find the probability or the percentage of the customer in the following.
00:25
Letter a, probability that the selected owner or customer has a probability that the selected owner or customer has a probability, has a fund in the set in the balance fund and then the second one is the probability that the owner or the customer has a has share in the bot in the bond fund and that finally probability that the owner or the customer does not have any shares in the stock fund so to start since we already have these probabilities uh in each of the variety and we know that this is going to sum up to 100%.
01:07
So it follows that each of this probability here indicates the percentage or the percentage for each of the variety.
01:16
So that if we're concerned with the probability that the individual has the share in the balanced fund, so that's we would simply look at the part of the table where we find the probability in the balanced one.
01:30
So that's 70%, or not 70%, but 7 % rather.
01:36
So we say that the probability is 0 .07 or the 7%.
01:44
For the next part, probability that the share is in the bond fund.
01:52
So there are three types of bond here, namely short, long and interrogate.
01:58
So probability in bond fund will be simply the sum of the probabilities under these three times of bond.
02:06
Under these three times of bond...