# Question: In Exercise 16 the situation was described as follows The

In Exercise 16, the situation was described as follows: The price of Albertson stock increased on 40% of the trading days over the past year. The price of Boeing stock increased on 30% of the trading days. On 60% of the days when the price of Albertson stock increased, the price of Boeing stock increased as well. Draw a Venn diagram to represent the situation.

a. On what percentage of the days did the price of both stocks increase?

b. On what percentage of the days did neither stock increase in price?

c. On what percentage of the days did exactly one of the stocks increase in price?

d. On what percentage of the days did at least one stock increase in price?

a. On what percentage of the days did the price of both stocks increase?

b. On what percentage of the days did neither stock increase in price?

c. On what percentage of the days did exactly one of the stocks increase in price?

d. On what percentage of the days did at least one stock increase in price?

## Answer to relevant Questions

According to the Aeronautics and Space Engineering Board the probability of “catastrophic failure” for solid rocket motors is 1/50. Assuming rocket failures are statistically independent, determine the probability that ...The table here shows six stocks traded on either the New York Stock Exchange (NYSE) or the NASDAQ Exchange. Also shown is an indication of whether the stock gained or lost value by the close of the trading day. You plan to ...Refer to Exercise 43. Suppose the first unit is defective. Use Bayes’ theorem to determine the probability that the machine is in Status A1. In Exercise 43 When a metal stamping machine is working properly (call it Status ...How many distinct poker hands (i.e., combinations of size 5) can be selected from a standard deck of 52 playing cards? (In making the computation, you might want to do the appropriate numerator and denominator ...Two newly hired employees at Gordian Yacht, a luxury boat manufacturer, are beginning their probationary period on the job. Their supervisor assesses a .6 proba-bility that employee A will make it through the probationary ...Post your question