Investing Is a Game of Chance

question 142

Multiple Choice

Investing is a game of chance. Suppose there is a 36% chance that a risky stock investment will end up in a totalloss of your investment. Because the rewards are so high, you decide to invest in five independent risky stocks.Find the probability that at least one of your five investments becomes a total loss. Round to the nearestten-thousandth when necessary.

• A) 0.8926
• B) 0.302
• C) 0.0604
• D) 0.006

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Definitions:

Job Enrichment

The process of making a job more rewarding, stimulating, and satisfying by adding more meaningful tasks and duties.

Frederick Herzberg

A psychologist best known for developing the Motivation-Hygiene Theory which distinguishes between motivators that increase job satisfaction and hygiene factors that can prevent dissatisfaction.

Good Job

A commendation for work or tasks that have been performed well, often reflecting satisfaction with the effort or outcomes.

High Performance

Achieving significantly better outcomes or results than average, often through exceptional efficiency, productivity, or quality.