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. Answer the following. (If necessary, consult a list of
formulas.)
(a)Find the mean of p, where p gives the proportion of the 600
stocks that went up yesterday that will go up today.
(b)Find the standard deviation of p.
(c)Compute an approximation for P>p0.61, which is the
probability that more than 61% 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 o
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