A financial analyst has determined the possibilities (and their probabilities) for the growth in value of a

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A financial analyst has determined the possibilities (and their probabilities) for the growth in value of a certain stock during the next year. (Assume these are the only possibilities.) See the table. For instance, the probability of a 5% growth is 0.15. If you invest $10,000 in the stock, what is the probability that the stock will be worth at least $11,400 by the end of the year?

Percent Growth ..................................Probability

5 ...............................................................0.15

8 ...............................................................0.20

10 .............................................................0.35

14 .............................................................0.20

18 .............................................................0.10

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Related Book For  answer-question

College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

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