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In given problem, suppose that American investment institutions enter this new market, and that their probabilities for successful instruments are:

Goldman Sachs	70%
Salomon Brothers	82%
Fidelity	80%
Smith Barney	90%

What is the probability that at least one of these four instruments is successful? Assume independence.

Problem:
Credit derivatives are a new kind of investment instrument: they protect investors from risk.9 If such an investment offered by ABN Amro has a 90% chance of making money, another by AXA has a 75% chance of success, and one by the ING Group has a 60% chance of being profitable, and the three are independent of each other, what is the chance that at least one investment will make money?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92179505

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