# In Example 3.4 we considered the course of the Dow Jones Industrial Average over 2 days and

## Question:

In Example 3.4 we considered the course of the Dow Jones Industrial Average over 2 days and defined four basic outcomes:

O1: The Dow Jones average rises on both days.

O2: The Dow Jones average rises on the first day but does not rise on the second day.

O3: The Dow Jones average does not rise on the first day but rises on the second day.

O4: The Dow Jones average does not rise on either day.

Suppose that we assume these four basic outcomes are equally likely. In that case what is the probability that the market will rise on at least 1 of the 2 days?

Fantastic news! We've Found the answer you've been seeking!

## Step by Step Answer:

**Related Book For**

## Statistics For Business And Economics

**ISBN:** 9780273767060

8th Global Edition

**Authors:** Paul Newbold, Mr William Carlson, Ms Betty Thorne