An investor believes that on a day when the Dow Jones Industrial Average (DJIA) increases, the probability that the NASDAQ also increases is 77%. If the investor believes that there is a 60% probability that the DJIA will increase tomorrow, what is the probability that the NASDAQ will increase as well?
Answer to relevant QuestionsAccording to TNS Intersearch, 69% of wireless web users use it primarily for receiving and sending e-mail. Suppose that three wireless web users are selected at random. What is the probability that all of them use it ...Laser surgery to fix shortsightedness is becoming more popular. However, for some people, a second procedure is necessary. The following table lists the joint probabilities of needing a second procedure and whether the ...Refer to Exercise 6.6. Employing the subjective approach a political scientist has assigned the following probabilities:P(Adams wins) = .42P(Brown wins) = .09P(Collins wins) = .27P(Dalton wins) = .22Determine the ...A firm has classified its customers in two ways: (1) according to whether the account is overdue and (2) whether the account is new (less than 12 months) or old. An analysis of the firm’s records provided the input for ...Given the following probabilities, find the joint probability P(A and B).P(A) = .7 P(B0A) = .3
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