The probability that the price of a certain stock increases during a day is 50% higher than

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The probability that the price of a certain stock increases during a day is 50% higher than the probability that the price of the stock decreases, while it is also three times as much as the probability that the price remains the same. Find the probability that, during a day, the price of the stock (i) increases; (ii) decreases; (iii) does not change.

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Introduction To Probability Volume 2

ISBN: 9781118123331

1st Edition

Authors: Narayanaswamy Balakrishnan, Markos V. Koutras, Konstadinos G. Politis

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