Complete question :
The probability of Jamie making money investing in bonds is 1/20. The probability of Jamie making money investing in stocks is 82%. Which of these events is more likely?
Answer:
Hence, It is more likely that Jamie will make money by investing in stocks.
Step-by-step explanation:
Probability of making money Investing in Bond = 1/20
Probability of making money Investing in stocks = 82%
Comparing the two probabilities, we can either convert both to decimal, fraction or percentage ;
Converting to percentage :
Probability of making money Investing in Bond = 1/20 = 0.05 = 0.05 * 100% = 5%
Probability of making money Investing in stock = 82%
82% > 5%
Hence, It is more likely that Jamie will make money by investing in stocks.
Answer:
Jamie makes money investing in stocks.
Probability of making money Investing in stocks = 82%
