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18. In a certain town 60% of the households own mutual funds, 40 % own individual stocks, and 20% own both mutual funds and i
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Answer #1

P(mutual fund) = 0.60

P(mutual fund and stock) = 0.20

P(own mutual funds but not individual stocks) = P(mutual fund) - P(mutual fund and stock)

= 0.60 - 0.20

= 0.40

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