6. Probabilities for three states of the economy and probabilities for the returns on a particular stock
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6. Probabilities for three states of the economy and probabilities for the returns on a particular stock in each state are shown in the table below.
State of Economy Probability of Economic State Stock Performance Probability of Stock Performance in Given Economic State Good .3 Good .6 Neutral .3 Poor .1 Neutral .5 Good .4 Neutral .3 Poor .3 Poor .2 Good .2 Neutral .3 Poor .5 What is the probability that the economy will be neutral and the stock will experience poor performance?
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