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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Related Book For
Fundamentals Of Probability With Stochastic Processes
ISBN: 9780429856273
4th Edition
Authors: Saeed Ghahramani
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