1. Suppose that the Dow-Jones Industrial Average (DJIA) rises 52% of trading days and falls 48% of...

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1. Suppose that the Dow-Jones Industrial Average (DJIA) rises 52% of trading days and falls 48% of those days. What is the probability that, in the next 5 trading days, the DJIA does not rise on any two consecutive trading days and does not fall on any two consecutive trading days?

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