Suppose a good friend of yours works in internet security and has great insight into its...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Suppose a good friend of yours works in internet security and has great insight into its future. Furthermore, she spends almost all of her spare time studying and investing in the stock market. She has made dozens of stock predictions to you in the last year and of the tech stock predictions she was accurate on 40 out of 50 predictions. Of the non-tech stock predictions, she was accurate on 30 out of 45 predictions. What is your friend's overall probability of accuracy (for a randomly chosen stock)? Suppose a good friend of yours works in internet security and has great insight into its future. Furthermore, she spends almost all of her spare time studying and investing in the stock market. She has made dozens of stock predictions to you in the last year and of the tech stock predictions she was accurate on 40 out of 50 predictions. Of the non-tech stock predictions, she was accurate on 30 out of 45 predictions. What is your friend's overall probability of accuracy (for a randomly chosen stock)?
Expert Answer:
Answer rating: 100% (QA)
Lets calculate the overall probability of accuracy correctly based on the given in... View the full answer
Related Book For
Personal Finance An Integrated Planning Approach
ISBN: 978-0136063032
8th edition
Authors: Ralph R Frasca
Posted Date:
Students also viewed these mathematics questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
It is Monday, September 13, 2010. You, a PA, work at Fife & Richardson LLP, a PA firm. Ken Simpson, one of the partners, approaches you mid-morning regarding Brennan & Sons Limited (BSL), a private...
-
You have just completed an interview with the newly formed audit committee of the Andrews Street Youth Centre (ASYC). This organization was created to keep neighborhood youth off the streets by...
-
using System; using System.Collections.Generic; using System.ComponentModel; using System.Data; using System.Drawing; using System.Linq; using System.Text; using System.Threading.Tasks; using...
-
Calculate d2 /dx2 for the wave function of Eq. (40.19), and show that for any values of C and D it is a solution of Eq. (40.1) for x < 0 and x < L when U = U0 and E < U0.
-
How to draft a demurrer?
-
Top management continually emphasizes and supports investments designed to improve the efficiency of the manufacturing process. Such a focus most likely reflects the pursuit of which type of...
-
The following section is taken from Barton Corp.'s balance sheet at December 31, 2013. Current liabilities Interest payable .................$ 56,000 Long-term liabilities Bonds payable, 7%, due...
-
6. Which is an example of a derivative a. Treasury Bills b. Local Registered Sock (LRS) c. Call Option pung p
-
Kalogridis Corp. manufactures industrial dye. The company is preparing its 2011 master budget and has presented you with the following information: a. The projected December 31, 2010, balance sheet...
-
Mainstreet Communities, LLC (Mainstreet) is a multi-family and mixed-use developer that creates apartment buildings. Some of its developments include live-work and commercial office spaces and some...
-
Should humans prepare for a job market inundated with AI? Will some humans lose their current jobs? Will some opportunities be created? Will humans learn to adapt just as they have in the past with...
-
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $48,400. The machine's useful life is estimated at 10 years, or 394,000 units of...
-
Consider the following relation and by inspecting the types of dependencies, remove any redundant and inconsistent data. (10 Marks) Visit Date no Patient Age id PAtient cit Doc id Doc specialty...
-
If an investment I made grew from $3,500 to $20,000 in ten years, what effective rate did I earn?
-
Answer each of the following questions in approximately 200 words. Fine particulate matter (PM2.5) is one of the major air pollutants. It is mainly released during fuel combustion and power...
-
You kids stay off my lawn! Picture yourself as a homeowner and parent. Now picture your son's silly little friend Mitchell is always over your house. Furthermore picture Mitchell climbing the tree in...
-
Bonus shares can be issued out of revenue reserves. True/False?
-
1. On a scale of 1 to 5 (5 representing the highest degree of risk aversion), where do you rank the Steeles? Where do you rank yourself? 2. The Steeles are contemplating opening a stockbrokerage...
-
Explain the relationship among the budget, the income statement, and cumulative variances. Also discuss possible situations that might warrant making changes in a budget during the year.
-
How are FICA taxes calculated? Is it possible to overpay them? If your answer is yes, what should you do?
-
The following financial information is known about Pfizer, Inc. for the year ended December 31, 2015. (all amounts in millions): yom a. The balance of cash and cash equivalents was \($3,641\). b....
-
The following data were taken from the financial statements of The Amphlett Corporation, which is all equity financed. Required 1. Calculate the following ratios for 2016 and 2017: a. Return on...
-
The following data were taken from the financial statements of The Amphlett Corporation, which is all equity financed. Required: 1. Calculate the following ratios for 2016 and 2017: a. Return on...
Study smarter with the SolutionInn App