Accountancy, asked by 207501stat, 3 months ago

explain what is wrong with the statement that "an investment counselor claims that the probability that a stock's price will ho up is 0.60, remain unchanged is 0.38, or go down is 0.25."

Answers

Answered by vishwakorat2703

2

Answer:

The probability of a situation is always 1.

but here the probability of the change in stock price is 0.60+0.38+0.25=1.23 so that's wrong.

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