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Suppose that during a bear market a hot stock has probability 0.60 of increasing in value on any one particularly day assume that whether the

Suppose that during a bear market a hot stock has probability 0.60 of increasing in value on any one particularly day assume that whether the stock increases on any one particular day is independent of whether it increased on any other day. An analyst watcheS the stock for 253 consecutive days ( the average number of trading days in a year) compute the mean and standard deviation of the number of days out 253 that the stock increase

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