# Question: You have just bought three stocks Stock A Stock B

You have just bought three stocks: Stock A, Stock B, and Stock C. Given the current market, you estimate that each stock has a 60% chance of doubling in value. Assume that stock performances are statistically independent. Defining “number of stocks doubling in value” as your random variable,

a. show all the possible values for the random variable.

b. show the full probability distribution by assigning appropriate probabilities to all possible values of the random variable.

a. show all the possible values for the random variable.

b. show the full probability distribution by assigning appropriate probabilities to all possible values of the random variable.

**View Solution:**## Answer to relevant Questions

Use values from the Poisson table to sketch the Poisson distribution for λ = .2. The average number of speeding tickets written per hour by State Troopers patrolling Highway 61 between Oroville and Winnemucca is 3.6. Assume that all the Poisson conditions are met. Let x represent values for the random ...You are at the Devil’s Chasm Ski Basin and estimate that you have a 40% chance of successfully navigating a run down the difficult triple black diamond Yeow! Slope with-out a serious fall. Today you plan to make three runs ...Use the binomial table to produce the following binomial probabilities: a. P(x = 4), where n = 10, p = .3 b. P(x = 8), where n = 20, p = .6 c. P(x < 12), where n = 15, p = .7 d. P(7 < x < 10), where n = 20, p = .5 e. P(14 < ...The Fred Meyer store in Portland has just received a large shipment of fitted baseball caps from Gradient Sporting Goods. In previous orders, a number of the hat sizes have been mislabeled. Because of this, the shipping and ...Post your question