Question

stock portfolio contains 2222 stocks. Of these stocks, 1010 are considered "large-cap" stocks, 66 are "mid cap," and 66 are "small cap." The portfolio manager has been asked by his client to develop a report that highlights 77 randomly selected stocks. When she presents her report to the client, all 77 of the stocks are large-cap stocks. The client is very suspicious that the manager has not randomly selected the stocks. She believes that the chances of all 77 of the stocks being large cap must be very low. Compute the probability of all 77 being large cap and comment on the concerns of the client. excel

          stock portfolio contains
2222
stocks. Of these stocks,
1010
are considered "large-cap" stocks,
66
are "mid cap," and
66
are "small cap." The portfolio manager has been asked by his client to develop a report that highlights
77
randomly selected stocks. When she presents her report to the client, all
77
of the stocks are large-cap stocks. The client is very suspicious that the manager has not randomly selected the stocks. She believes that the chances of all
77
of the stocks being large cap must be very low. Compute the probability of all
77
being large cap and comment on the concerns of the client. excel

Added by Ethan J.

Question

Please give Ace some feedback