Suppose your nancial advisor recommends three stocks to you. He claims the likelihood that the rst stock

Question:

Suppose your ﬁnancial advisor recommends three to you. He claims the likelihood that the ﬁrst stock will increase in value at least 10% within the next year is 0.7, the likelihood the second stock will increase in value at least 10% within the next year is 0.55, and the likelihood the third stock will increase at least 10% within the next year is 0.20. Would it be unusual for all three to increase at least 10%, assuming the behave independently of each other?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...