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7 June, 19:34

The probability of Jamie making money investing in bonds is 1/20. The probability of Jamie making money investing in stocks is 82% percent.

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  1. 7 June, 23:08
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    One interpretation of this problem would be:

    The prob. that Jamie both makes money in both bonds and stocks is

    (1/20) (0.82), approximately. That comes out to 0.041. This is true onlyl if the two given events are completely independent, which is most likely not the case, because simiilar business climates affect both stocks and bonds.
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