Compute At-Least Probabilities
-Investment in New Issues (The Stock of Newly

question 202

Multiple Choice

Compute At-least Probabilities
-Investment in new issues (the stock of newly formed companies) can be both suicidal and rewarding. Suppose that of 300 newly formed companies in 1990 , only 16 appeared to have outstanding prospects. Suppose that you had selected two of these 300 companies back in 1990 . Find the probability that at least one of your companies had outstanding prospects.

• A) \(0.1039911\)
• B) \(0.3153623\)
• C) \(0.8960089\)
• D) \(0.0506577\)

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Definitions:

Goal Setting

The process of identifying specific, measurable, and time-targeted objectives.

Information Gathering

The systematic collection of data or facts from various sources for a specific purpose, such as analysis or decision-making.

Probability Correct

A measure of accuracy in predictions or decisions, indicating the likelihood of a correct outcome or answer.

General Knowledge

General knowledge entails a broad range of facts, information, and understanding across various subjects and areas, typically accumulated over time through education and experience.