The Dow Jones Industrial Average has reached 27,164 points this week. An investment advisor specialized in travel company stocks predicts that the stocks of five travel companies she is following will rebound in the next 18 months. From this advisor’s records on stock picks, 40 percent of the stocks she recommends are profitable What is the probability that no more than one of the five stocks are profitable? What is the probability that at least three of the five stocks are profitable?
The Dow Jones Industrial Average has reached 27,164 points this week. An investment advisor specialized in travel company stocks predicts that the stocks of five travel companies she is following will rebound in the next 18 months. From this advisor’s records on stock picks, 40 percent of the stocks she recommends are profitable What is the probability that no more than one of the five stocks are profitable? What is the probability that at least three of the five stocks are profitable?
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 18T: You attend a karaoke night and hope to hear your favorite song. The karaoke song book has 300...
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The Dow Jones Industrial Average has reached 27,164 points this week. An investment advisor specialized in travel company stocks predicts that the stocks of five travel companies she is following will rebound in the next 18 months. From this advisor’s records on stock picks, 40 percent of the stocks she recommends are profitable
- What is the
probability that no more than one of the five stocks are profitable? - What is the probability that at least three of the five stocks are profitable?
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