3.112 The accompanying table shows, for 1,000 forecasts of earnings per share made by financial analysts, the

Question:

3.112 The accompanying table shows, for 1,000 forecasts of earnings per share made by financial analysts, the numbers of forecasts and outcomes in particular categories

(compared with the previous year).

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a. Find the probability that if the forecast is for a worse performance in earnings, this outcome will result.

b. If the forecast is for an improvement in earnings, find the probability that this outcome fails to result.

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Statistics For Business And Economics

ISBN: 9780273767060

8th Global Edition

Authors: Paul Newbold, Mr William Carlson, Ms Betty Thorne

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Question Posted: Sep 24, 2024 01:00 AM

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3.112 The accompanying table shows, for 1,000 forecasts of earnings per share made by financial analysts, the

Question:

Forecast About the Outcome Improvement Same Worse Improvement 210 82 66 About the same 106 153 75 Worse 75 84 149

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Statistics For Business And Economics

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