Assume that 2 invest in both kinds if an investor is chosen, Basic Statistics

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Assume that 2 invest in both kinds if an investor is chosen

According to an article in Fortune, institutional investors recently changed the proportions of their portfolios toward public sector funds.

The article implies that 8% of investors studied invest in public sector funds and 6% in corporate funds.

Assume that 2% invest in both kinds. If an investor is chosen at random, what is the probability that this investor has either public or corporate funds?

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Basic Statistics: Assume that 2 invest in both kinds if an investor is chosen

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Basic Statistics: Assume that 2 invest in both kinds if an investor is chosen

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