Homework SourseA financial consultant has classified his clients according
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:
What is the probability of having bonds if a client is above 40?
| age | bonds | stocks | balanced |
| above 40 | 0.1 | 0.15 | 0.1 |
| below 40 | 0.15 | 0.25 | 0.25 |
Solution
PROBABILITY OF HAVING BONGS IF CLIENT IS ABOVE 40 IS = 0.10 ( AS GIVEN IN THE DATA)
