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


Question: 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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