The table below is from Exercise 4. It shows six stocks traded on either the New York

Question:

The table below is from Exercise 4. It shows six 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 a particular trading day.

You plan to randomly choose one stock from the group. Find the following probabilities:
a. The conditional probability that the stock selected lost value, given that the stock is a NASDAQ stock.
b. The conditional probability that the stock is a NYSE stock, given that the stock gained in value.

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...