The increase or decrease in the price of a stock between the beginning and the end of
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Question:
The increase or decrease in the price of a stock between the beginning and the end of a trading day is assumed to be an equally likely random event. What is the probability that a stock will show an increase in its closing price on four consecutive days.
The probability that a stock will show an increase in its closing price on four consecutive days is. (Round to four decimal places as needed)
Related Book For
Basic Business Statistics Concepts and Applications
ISBN: 978-0134684840
14th edition
Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan
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