Math, asked by haleyfisackerly, 1 month ago

The increase or decrease in the price of a stock between the beginning and the end of a trading day is assumed to be an equally likely random event. What is the probability that a stock will show a decrease in its closing price on five consecutive​ days?

Answers

Answered by Helper997
0

Answer:please mark me as brainliest

Step-by-step explanation:

The increase or decrease in the price of a stock between the beginning and the end of a trading day is assumed to be an equally likely random event.

P(increase) = P(decrease) = 1/2

----------------------

What is the probability that a stock will show a decrease in its closing price on three consecutive days?

-----

Answer:: (1/2)^3 = 1/8

Similar questions