Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me solve this question for a b and c this course is business analytics (mos 2298) thanks The probabilities that stock A will

image text in transcribedPlease help me solve this question for a b and c

this course is business analytics (mos 2298)

thanks

The probabilities that stock A will rise in price is 0.51 and that stock B will rise in price is 0.49. Further, if stock B rises in price, the probability that stock A will also rise in price is 0.62. a. What is the probability that at least one of the stocks will rise in price? (Round your answer to 2 decimal places.) Probability b. Are events A and B mutually exclusive? Yes because PAI B) = PA). Yes because Plan B) = 0. O No because PIAI BE PA). O No because PAN B) + 0. c. Are events A and B independent? Yes because PAB) = PA). Yes because PAN B) = 0. O No because PAB) PLA). O No because Plan B +0. The probabilities that stock A will rise in price is 0.51 and that stock B will rise in price is 0.49. Further, if stock B rises in price, the probability that stock A will also rise in price is 0.62. a. What is the probability that at least one of the stocks will rise in price? (Round your answer to 2 decimal places.) Probability b. Are events A and B mutually exclusive? Yes because PAI B) = PA). Yes because Plan B) = 0. O No because PIAI BE PA). O No because PAN B) + 0. c. Are events A and B independent? Yes because PAB) = PA). Yes because PAN B) = 0. O No because PAB) PLA). O No because Plan B +0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Risk Sensitive Investment Management

Authors: Mark H A Davis, Sébastien Lleo

1st Edition

9814578037, 978-9814578035

More Books

Students also viewed these Finance questions