Profits at a securities film are determined by the volume of securities sold, and this volume fluctuates from week to week. If volume is high this week, then next week it will be high with a probability of 0.7 and low with a probability of 0.3. If a volume is low this week then it will be high next week with a probability of 0.1. (a) If the volume was high this week, what is the probability it will be alternate between low and high for the next three weeks (i.e. High- Low- High- Low).
Profits at a securities film are determined by the volume of securities sold, and this volume fluctuates from week to week. If volume is high this week, then next week it will be high with a probability of 0.7 and low with a probability of 0.3. If a volume is low this week then it will be high next week with a probability of 0.1. (a) If the volume was high this week, what is the probability it will be alternate between low and high for the next three weeks (i.e. High- Low- High- Low).
Elementary Linear Algebra (MindTap Course List)
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ISBN:9781305658004
Author:Ron Larson
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Profits at a securities film are determined by the volume of securities sold, and this volume fluctuates from week to week. If volume is high this week, then next week it will be high with a probability of 0.7 and low with a probability of 0.3. If a volume is low this week then it will be high next week with a probability of 0.1.
(a) If the volume was high this week, what is the probability it will be alternate between low and high for the next three weeks (i.e. High- Low- High- Low).
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