Use the Data Given Below to Answer the Following Question(s) $X$

question 14

Multiple Choice

Use the data given below to answer the following question(s) .
In an event $X$ , the probability of rolling a sum of 8 on two dice is $\frac{5}{36}$ while the probability of rolling an 11 is $\frac{2}{36}$ . In another event $Y$ , the probability of rolling a 2 is $\frac{1}{36}$ , the probability of rolling a 9 is $\frac{4}{36}$ , and the probability of rolling a 4 is $\frac{3}{36}$ .
-What is the probability that either event X or Y occurs?

• A)\(\frac{8}{36}\)
• B)\(\frac{15}{36}\)
• C)\(\frac{7}{36}\)
• D)\(\frac{1}{36}\)

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Definitions:

Nonsystematic Standard Deviation

A measure of the variability of an investment's return due to factors specific to the investment or its issuer, excluding broader market influences.

Macroeconomic Risks

Considered broad economic or political uncertainties that could affect the performance of financial markets and investments globally.

Security Selection

The process of choosing individual securities for investment with the goal of achieving the best possible return for a given level of risk.

Passive Strategy

A portfolio decision that avoids any direct or indirect security analysis. See passive management.