Suppose that the probability that any stock increases in price (over a 3 month period of time) is 60%. What is the probability that in a sample of 115 stocks that you buy that less than 65% increase in price (over a 3 month period of time)? (please round your answer to 4 decimal places) Please explain using ti89 or Excell functions.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Suppose that the probability that any stock increases in price (over a 3 month period of time) is 60%. What is the probability that in a sample of 115 stocks that you buy that less than 65% increase in price (over a 3 month period of time)? (please round your answer to 4 decimal places)
Please explain using ti89 or Excell
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