Question: I'm having issues understanding how to solve my math problem. The problem is that the increase or decrease in the stock between the beginning and
I'm having issues understanding how to solve my math problem. The problem is that the increase or decrease in the stock between the beginning and end of the trading day is assumed to be equally like a random event.
The question is asking what is the probability that a stock will show an increase in its closing price on 10 consecutive days?
I'm getting confused how to set up and solve the problem.
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