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In: Math

b. An investor wants to create a portfolio of three stocks form a set that consists...

b. An investor wants to create a portfolio of three stocks form a set that consists of 5 defense companies, 4 transportation companies and 6 healthcare companies. If the investor picks the three stocks at random, what is the probability that all three stocks will be from different industries.

c. In part (b), what is the probability that at least two out of the three stocks picked will be from different industries?

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