A stock market analyst figures the probabilities that two related stocks, A and B, will go up in price. She finds the probability that A will go up to be 0.7 and the probability that both stocks will go up to be 0.2. What should be her estimate of the probability that stock B goes up, given that stock A goes up? (Enter your probability as a fraction.)
A stock market analyst figures the probabilities that two related stocks, A and B, will go up in price. She finds the probability that A will go up to be 0.7 and the probability that both stocks will go up to be 0.2. What should be her estimate of the probability that stock B goes up, given that stock A goes up? (Enter your probability as a fraction.)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 43E
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A stock market analyst figures the probabilities that two related stocks, A and B, will go up in price. She finds the
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