Use the following to answer questions :
Scenario: Buying Shares
Geordie is considering buying shares in two companies,Apple and Microsoft.If he invests $1 000 in Apple,there is a 40% probability that his investment will be worth only $800 and a 60% probability that it will be worth $1 200 at the end of a year.If he invests $500 in Apple,there is a 40% probability that his investment will be worth $400 and a 60% probability that it will be worth $600 at the end of a year.The corresponding numbers for investment in Microsoft are identical.
-(Scenario: Buying Shares) Use Scenario: Buying Shares.The probability that Geordie will make a gain is _____% if he invests $1 000 in either Apple or Microsoft.The probability that he will make a gain is _____% if he invests $500 apiece in Apple and in Microsoft.
A) 60;60
B) 60;84
C) 76;24
D) 60;36
Correct Answer:
Verified
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