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A financial manager made two new investments one in the oil industry and one n m

ID: 2921816 • Letter: A

Question

A financial manager made two new investments one in the oil industry and one n municipal bonds. After a one ycar period, cach of the investments will be classified as cither successful or unsuccessful. Consider making the two new investments as an experiment with the following our experimental outcomes. Experimental Outcomes E1 E2 E3 E4 Oil Industry Successful Successful Municipal Bond Successful Unsuccessful Unsuccessful Successfu Unsuccessful Unsuccessful a. I et 0-the event that the oil industry investment is successful and M = the event that the municipal bond investment is successful. How many sample points exist for 0? 03 How many sample points exist for M? b. Identify the sample points in the union of the events (O U M). Select c. Identify the sample points in the intersection of the events (O nM Select

Explanation / Answer

A) Two sample points exist for O

Two sample points exist for M

B) (O U M) = 2 + 2 -1 = 3

C) (O and M) = 1

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