At the close of the stock markets on a day in 2013, there were 5905 companies listed with a certain stock exchange. On this day, the probabilities of advancing, declining, and unchanged company stocks appears in the table for the two exchanges. Find the probability an unchanged stock was listed on Exchange 1. Percentage of | Probability of | Probability of Companies Probability the Stocks Remain Stock Stock Advancing Exchange Exchange 1 Exchange 2 Declining 0.267 Listed Unchanged 54.9% 0.056 0.056 45.1% 0.054 0.297 0.054 ..... The probability that an unchanged stock was listed on Exchange 1 is (Round to three decimal places as needed.)

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 18T: You attend a karaoke night and hope to hear your favorite song. The karaoke song book has 300...
icon
Related questions
Question
At the close of the stock markets on a day in 2013, there were 5905 companies listed with a certain stock exchange. On this day, the probabilities of advancing,
declining, and unchanged company stocks appears in the table for the two exchanges. Find the probability an unchanged stock was listed on Exchange 1.
Percentage of Probability of Probability of
Companies
Listed
Probability the
Stocks Remain
Stock
Stock
Unchanged
Exchange
Exchange 1
Exchange 2
Advancing
0.056
Declining
54.9%
0.267
0.056
45.1%
0.054
0.297
0.054
.....
The probability that an unchanged stock was listed on Exchange 1 is
(Round to three decimal places as needed.)
Transcribed Image Text:At the close of the stock markets on a day in 2013, there were 5905 companies listed with a certain stock exchange. On this day, the probabilities of advancing, declining, and unchanged company stocks appears in the table for the two exchanges. Find the probability an unchanged stock was listed on Exchange 1. Percentage of Probability of Probability of Companies Listed Probability the Stocks Remain Stock Stock Unchanged Exchange Exchange 1 Exchange 2 Advancing 0.056 Declining 54.9% 0.267 0.056 45.1% 0.054 0.297 0.054 ..... The probability that an unchanged stock was listed on Exchange 1 is (Round to three decimal places as needed.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning