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alyst feels that a Cet stock the hext montn is an example of probability, since it deals with a continuous period rather than a fixed number of trials. the stated probability is the relative frequency of the stock price increasing in past months. the stated probability is most likely based on intuition, an educated guess, or an estimate. the stock's chance of increasing in price is the same in every month. the stock has an equal chance of increasing or decreasing in price over the next month.

alyst feels that a Cet stock the hext montn is an example of probability, since it deals with a continuous period rather than a fixed number of trials. the stated probability is the relative frequency of the stock price increasing in past months. the stated probability is most likely based on intuition, an educated guess, or an estimate. the stock's chance of increasing in price is the same in every month. the stock has an equal chance of increasing or decreasing in price over the next month.

College Algebra (MindTap Course List)
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 65E: Determine if the statement is true or false. If the statement is false, then correct it and make it...
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Classify the following statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning. An analyst feels that a certain stock's probability of increasing in price over the next month is 0.69. This is an example of V probability, since it deals with a continuous period rather than a fixed number of trials. the stated probability is the relative frequency of the stock price increasing in past months. the stated probability is most likely based on intuition, an educated guess, or an estimate. the stock's chance of increasing in price is the same in every month. the stock has an equal chance of increasing or decreasing in price over the next month.
Transcribed Image Text:Classify the following statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning. An analyst feels that a certain stock's probability of increasing in price over the next month is 0.69. This is an example of V probability, since it deals with a continuous period rather than a fixed number of trials. the stated probability is the relative frequency of the stock price increasing in past months. the stated probability is most likely based on intuition, an educated guess, or an estimate. the stock's chance of increasing in price is the same in every month. the stock has an equal chance of increasing or decreasing in price over the next month.
Classify the following statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning. An analyst feels that a certain stock's probability of increasing in price over the next month is 0.69. This is an example of probability, since classical empirical subjective
Transcribed Image Text:Classify the following statement as an example of classical probability, empirical probability, or subjective probability. Explain your reasoning. An analyst feels that a certain stock's probability of increasing in price over the next month is 0.69. This is an example of probability, since classical empirical subjective
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