Suppose you have two limit orders outstanding on two different stocks. The probability that the first limit

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Suppose you have two limit orders outstanding on two different stocks. The probability that the first limit order executes before the close of trading is 0.45. The probability that the second limit order executes before the close of trading is 0.20. The probability that the two orders both execute before the close of trading is 0.10. What is the probability that at least one of the two limit orders executes before the close of trading?
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Quantitative Investment Analysis

ISBN: 978-1119104223

3rd edition

Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle

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