Financial Consultants a Financial Consultant Has Classified His Clients According

question 240

Short Answer

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)

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Definitions:

Psychological Distance

The perception of how far away an object, event, or person is from oneself, psychologically, rather than physically.

Obedience

the act of following orders or directives from an authority figure, often studied in psychology to understand social influence and control.

Maximum Shock Intensity

The highest level of electric shock that can be safely administered to a subject in a controlled setting.

Milgram's Experiment

A series of social psychology experiments conducted by Stanley Milgram, measuring the willingness of participants to obey an authority figure instructing them to perform acts conflicting with their personal conscience.