Question: One student in the class of Exercise 25 claims to

One student in the class of Exercise 25 claims to have found a winning strategy. He watches a cable news show about investing and during the show throws his darts at the pages of the Journal. He claims that of 200 stocks picked in this manner, 58% were winners.
a) What do you think of his claim? Explain.
b) If there are 100 students in the class, are you surprised that one was this successful? Explain.

View Solution:


Sale on SolutionInn
Sales0
Views74
Comments
  • CreatedMay 14, 2015
  • Files Included
Post your question
5000