QUESTION 21 A financial analysis of Microsoft, Apple and Nvidia stocks indicates that over the next six months the probability that the price of the stock will rise is 0.48 for Microsoft, 0.63 for Apple , and 0.31 for Nvidia. Suppose the stock prices react independently. What is the probability that the three stock prices will rise over the next six months? Round your answer to 4 decimal places.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 10ECP: In Example 10, researchers selected five people at random from the population. What is the...
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QUESTION 21
A financial analysis of Microsoft, Apple and Nvidia stocks indicates that over the next six months the probability that the price of the stock will rise is 0.48 for Microsoft, 0.63 for
Apple , and 0.31 for Nvidia. Suppose the stock prices react independently. What is the probability that the three stock prices will rise over the next six months? Round your
answer to 4 decimal places.
Transcribed Image Text:QUESTION 21 A financial analysis of Microsoft, Apple and Nvidia stocks indicates that over the next six months the probability that the price of the stock will rise is 0.48 for Microsoft, 0.63 for Apple , and 0.31 for Nvidia. Suppose the stock prices react independently. What is the probability that the three stock prices will rise over the next six months? Round your answer to 4 decimal places.
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