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Empirical research on stock market data for two consecutive trading days indicates that 60% of the stocks that went up on the rst day also
Empirical research on stock market data for two consecutive trading days indicates that 60% of the stocks that went up on the rst day also went up on the second day. Yesterday, 600 stocks went up. Answer the following. (If necessary, consult a list of formulas.) A A (a) Find the mean of p, where 1) gives the proportion of the 600 stocks that went up yesterday that will go up today. I] A (b) Find the standard deviation ofp. I] A (c) Compute an approximation for P(p > 0.62), which is the probability that more than 62% of the stocks that went up yesterday will go up again today. Round your answer to four decimal places. I]
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