Dogs of the Dow Refer to Example 14 on page 473. The table below shows the top 10
Chapter 8, Problem 41(choose chapter or problem)
Dogs of the Dow Refer to Example 14 on page 473. The table below shows the top 10 dividend yielding stocks along with their prices that were listed on the Dog of the Dow Web site on December 31, 2009. Company The Dow stocks ranked by yield Price %Yield on 12/31/2009 on 12/31/2009 on 12/31/2009 AT&T 28.03 5.85 Verizon 33.13 5.73 DuPont 33.67 4.87 Kraft 27.18 4.27 Merck 36.54 4.16 Chevron 76.99 3.53 McDonalds 62.44 3.52 Pfizer 18.19 3.52 Home Depot 28.93 3.11 Boeing 54.13 3.1 Source: www.dogsofthedow.com (a) If two of these stocks are randomly selected, what is the probability both have prices above $50? (b) If two of these stocks are randomly selected, what is the probability neither will have prices above $50? (c) If two of these stocks are randomly selected, what is the probability at least one will have a price above $50?
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