THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 142

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
James' Surfboard Shop makes surfboards by hand.The number of surfboards that James makes during a week depends on the wave conditions.James has estimated the following probabilities for surfboard production for the next week.

Let A be the event that James produces more than seven surfboards.Let B be the event that James produces exactly six surfboards.
-What is the probability of the intersection of events A and B? Why?

---

Definitions:

Net IRR

Net Internal Rate of Return is a performance measure that calculates the profitability of an investment adjusted for all cash flows and costs incurred.

Investors

Individuals or entities that allocate capital with the expectation of receiving financial returns, which can involve a variety of assets including stocks, bonds, and real estate.

AUM

Assets under management, the total market value of the investments that a person or entity manages on behalf of clients.

Ponzi Scheme

A fraudulent investing scam promising high rates of return with little risk to investors, funded by the incoming funds from new investors.