At the close of the stock markets on a day in 2017, there were 6100 companies listed with certain stock exchanges. On this day, the probabilities of advancing, declining, and unchanged company stocks appears in the table for the two exchanges. Find the probability that a stock was listed on Exchange 2 given that it declined Percentage of | Probability of Probability of Companies Probability the Stocks Remain Stock Stock Unchanged 0.0294 Advancing Exchange Exchange 1 Exchange 2 Listed Declining 0.2667 0.5255 0.7039 0.4745 0.5918 0.3513 0.0569 ..... Let F be Exchange 2 and E be a decline. P(F) = .4745 and P(F') = .5255 The probability that a stock was listed on Exchange 2 given that it declined is. (Do not round until the final answer. Then round to four decimal places as needed.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 5SE: The union of two sets is defined as a set of elements that are present in at least one of the sets....
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At the close of the stock markets on a day in 2017, there were 6100 companies listed with certain stock exchanges. On this day, the probabilities of advancing,
declining, and unchanged company stocks appears in the table for the two exchanges. Find the probability that a stock was listed on Exchange 2 given that it declined.
Percentage of Probability of Probability of
Companies
Listed
Probability the
Stock
Stock
Stocks Remain
Advancing
Unchanged
Exchange
Exchange 1
Exchange 2
Declining
0.2667
0.5255
0.7039
0.0294
0.4745
0.5918
0.3513
0.0569
.....
Let F be Exchange 2 and E be a decline.
P(F) = .4745 and P (F')
= .5255
The probability that a stock was listed on Exchange 2 given that it declined is
(Do not round until the final answer. Then round to four decimal places as needed.)
Transcribed Image Text:At the close of the stock markets on a day in 2017, there were 6100 companies listed with certain stock exchanges. On this day, the probabilities of advancing, declining, and unchanged company stocks appears in the table for the two exchanges. Find the probability that a stock was listed on Exchange 2 given that it declined. Percentage of Probability of Probability of Companies Listed Probability the Stock Stock Stocks Remain Advancing Unchanged Exchange Exchange 1 Exchange 2 Declining 0.2667 0.5255 0.7039 0.0294 0.4745 0.5918 0.3513 0.0569 ..... Let F be Exchange 2 and E be a decline. P(F) = .4745 and P (F') = .5255 The probability that a stock was listed on Exchange 2 given that it declined is (Do not round until the final answer. Then round to four decimal places as needed.)
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