Question: The increase or decrease in the price of a stock between the beginning and the end of a trading day is assumed to be an
The increase or decrease in the price of a stock between the beginning and the end of a trading day is assumed to be an equally likely random event. What is the probability that a stock will show a decrease in it's closing price on three consecutive days? The probability that a stock will show a decrease in it's closing price on three consecutive days is ____? Round to four decimal places as needed
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