You have invested in three different stocks: Engineering Aces, Upton Clothiers, and Thompson Musical Instruments. Because you have diversified your stocks so well, the way they change is independent. The probabilities of the stocks changing in value by more than 10% in a given week are listed below.
You have invested in three different stocks: Engineering Aces, Upton Clothiers, and Thompson Musical Instruments. Because you have diversified your stocks so well, the way they change is independent. The probabilities of the stocks changing in value by more than 10% in a given week are listed below.
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.CR: Chapter 12 Review
Problem 10CR
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You have invested in three different stocks: Engineering Aces, Upton Clothiers, and Thompson Musical Instruments. Because you have diversified your stocks so well, the way they change is independent. The probabilities of the stocks changing in value by more than 10% in a given week are listed below.
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P(E) = 21%
-
P(U) = 13%
-
P(T) = 5%
What is the probability that all three will change by more than 10% in the same week?
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