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In problem 2–42, suppose that American investment institutions enter this new market, and that their probabilities for successful instruments are: problem 2–42 Credit derivatives are a new kind of investment instrument: they protect investors from risk.9 If such an investment offered by ABN Amro has a 90% chance of making money, another by AXA has a 75% chance of success, and one by the ING Group has a 60% chance of being profitable, and the three are independent of each other, what is the chance that at least one investment will make money?

In problem 2–42, suppose that American investment institutions enter this new market, and that their probabilities for successful instruments are:

problem 2–42

Credit derivatives are a new kind of investment instrument: they protect investors from risk.9 If such an investment offered by ABN Amro has a 90% chance of making money, another by AXA has a 75% chance of success, and one by the ING Group has a 60% chance of being profitable, and the three are independent of each other, what is the chance that at least one investment will make money?

 

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