Since the stock market began in 1872, stock prices have risen in about 72% of the years. Assuming that market performance is independent from year to year, what’s the probability that b) the market will rise 3 years out of the next 5? c) the market will fall during at least 1 of the next 5 years?
Since the stock market began in 1872, stock prices have risen in about 72% of the years. Assuming that market performance is independent from year to year, what’s the probability that b) the market will rise 3 years out of the next 5? c) the market will fall during at least 1 of the next 5 years?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Since the stock market began in 1872, stock prices have risen in about 72% of the years. Assuming that market performance is independent from year to year, what’s the probability that b) the market will rise 3 years out of the next 5? c) the market will fall during at least 1 of the next 5 years?
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