Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the close of the stock markets on a day in 2 0 1 3 , there were 5 9 0 5 companies listed with

At the close of the stock markets on a day in2013, there were 5905 companies listed with a certain stock exchange. On this day, the probabilities of advancing, declining, and unchanged company stocks appears in the table for the two exchanges. Find the probability an unchanged stock was listed on Exchange 1.
Exchange
Percentage of Companies Listed
Probability of Stock Advancing
Probability of Stock Declining
Probability the Stocks Remain Unchanged
Exchange 1
55.5%
0.678
0.267
0.055
Exchange 2
44.5%
0.659
0.297
0.044
Question content area bottom
Part 1
The probability that an unchanged stock was listed on Exchange 1 is
enter your response here.
(Round to three decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions