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At the closing time of the present trading period three experts will give their opinion whether the price of a particular stock will move up
At the closing time of the present trading period three experts will give their opinion whether the price of a particular stock will move up or down at the beginning of the next trading period. Historically, the first expert is correct 75% of the time, the second is correct 70% of the time, and the third is correct 65% of the time. The predictions of these experts are independent of one another. What is the probability that exactly one expert will predict the direction of the price movement correctly?
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