Empirical research on stock market data for two consecutive trading days indicates that 60% of the...

  

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Empirical research on stock market data for two consecutive trading days indicates that 60% of the stocks that went up on the first day also went up on the second day. Yesterday, 600 stocks went up. 1- Find the mean of p, where p gives the proportion of the 600 stocks that went up yesterday that will go up today. 2- Find the standard deviation of p. 3- Compute an approximation for p(p > 0.58), which is the probability that more than 58% of the stocks that went up yesterday will go up again today. Round your answer to four decimal places. Empirical research on stock market data for two consecutive trading days indicates that 60% of the stocks that went up on the first day also went up on the second day. Yesterday, 600 stocks went up. 1- Find the mean of p, where p gives the proportion of the 600 stocks that went up yesterday that will go up today. 2- Find the standard deviation of p. 3- Compute an approximation for p(p > 0.58), which is the probability that more than 58% of the stocks that went up yesterday will go up again today. Round your answer to four decimal places.