Question
Empirical research on stock market data for two consecutive trading days indicates that 60% of the stocks that went up on the first day
Empirical research on stock market data for two consecutive trading days indicates that 60% of the stocks that went up on the first day also went up on the second day. Yesterday, 600 stocks went up. 1- Find the mean of p, where p gives the proportion of the 600 stocks that went up yesterday that will go up today. 2- Find the standard deviation of p. 3- Compute an approximation for p(p > 0.58), which is the probability that more than 58% of the stocks that went up yesterday will go up again today. Round your answer to four decimal places.
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Essentials Of Services Marketing
Authors: Jochen Wirtz
4th Edition
1292425199, 9781292425191
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