An analyst calculates the probability of McGregor stock going up in value for any month as .6
Question:
An analyst calculates the probability of McGregor stock going up in value for any month as .6 and the probability of the same stock going down in any month as .4. Calculate the probability that the stock will go up in value in exactly 7 months during a year. (Assume independence.)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
This is a binomial probability problem The binomial distribution model is appropriate here because i...View the full answer
Answered By
Jacob Festus
I am a professional Statistician and Project Research writer. I am looking forward to getting mostly statistical work including data management that is analysis, data entry using all the statistical software’s such as R Gui, R Studio, SPSS, STATA, and excel. I also have excellent knowledge of research and essay writing. I have previously worked in other Freelancing sites such as Uvocorp, Essay shark, Bluecorp and finally, decided to join the solution inn team to continue with my explicit work of helping dear clients and students achieve their Academic dreams. I deliver, quality and exceptional projects on time and capable of working under high pressure.
1263+ Reviews
2858+ Question Solved
Related Book For 
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
Question Posted:
