An analyst calculates the probability of McGregor stock going up in value for any month as .6
Question:
An analyst calculates the probability of McGregor stock going up in value for any month as .6 and the probability of the same stock going down in any month as .4. Calculate the probability that the stock will go up in value in exactly 7 months during a year. (Assume independence.)
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This is a binomial probability problem The binomial distribution model is appropriate here because i...View the full answer
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Related Book For 
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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