A mutual fund company offers its customers a variety of

Last updated: 2/9/2023

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 Short bond Intermediate bond Long bond 21 12 12 5 High risk stock Moderate risk stock Balanced S 19 S 25 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 6 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