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 advanced. Percentage of | Probability of Probability of Companies Listed Probability the Stock Stock Stocks Remain Exchange Exchange 1 Exchange 2 Advancing Declining 0.2466 Unchanged 0.0297 0.5052 0.7237 0.4948 0.6009 0.3455 0.0536 Let F be Exchange 2 and E be an advance. P(F) = .4948 and P(F') = .5052 The probability that a stock was listed on Exchange 2 given that it advanced 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
advanced.
Percentage of Probability of Probability of
Companies
Listed
Probability the
Stock
Stock
Stocks Remain
Unchanged
Exchange
Exchange 1
Exchange 2
Advancing
Declining
0.5052
0.7237
0.2466
0.0297
0.4948
0.6009
0.3455
0.0536
Let F be Exchange 2 and E be an advance.
P(F) = .4948 and P (F')
= .5052
The probability that a stock was listed on Exchange 2 given that it advanced 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 advanced. Percentage of Probability of Probability of Companies Listed Probability the Stock Stock Stocks Remain Unchanged Exchange Exchange 1 Exchange 2 Advancing Declining 0.5052 0.7237 0.2466 0.0297 0.4948 0.6009 0.3455 0.0536 Let F be Exchange 2 and E be an advance. P(F) = .4948 and P (F') = .5052 The probability that a stock was listed on Exchange 2 given that it advanced is (Do not round until the final answer. Then round to four decimal places as needed.)
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