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Financial Consultants A Financial Consultant has classified his clients according to their gender and the composition of their investment portfolio (primarily bonds, primarily stocks, or a balanced mix of bonds and stocks). The proportions of clients falling into the various categories are shown in the following table: One client is selected at random, and two events A and B are defined as follows: A : The client selected is male. B : The client selected has a balanced portfolio. {Financial Consultants Narrative} Find the following probabilities:
a. P ( A )
b. P ( B )
Machines
Tools or devices designed to perform specific tasks or functions, often powered by electricity or mechanical force.
Total Cost
The aggregate expenditure involved in producing a set quantity of goods or services, including both fixed and variable costs.
Short-Run
In economics, a period during which at least one factor of production is fixed and cannot be changed, influencing cost and production decisions.
Machines
Devices or systems designed to perform tasks or processes automatically or with minimal human intervention.
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