22. The astrology software package Java Kimset is designed to help day traders choose stocks based on the position of the planets and constellations. When Benjamin ran it yesterday, it informed him that there was a .5 probability that Amazon.com will go up this afternoon, a .2 probability that Yahoo.com will go up this afternoon, and a .2 chance that both will go up this afternoon. What is the probability that either Amazon.com or Yahoo.com will go up this afternoon?

22. The astrology software package Java Kimset is designed to help day traders choose stocks based on the position of the planets and constellations. When Benjamin ran it yesterday, it informed him that there was a .5 probability that Amazon.com will go up this afternoon, a .2 probability that Yahoo.com will go up this afternoon, and a .2 chance that both will go up this afternoon. What is the probability that either Amazon.com or Yahoo.com will go up this afternoon?

Name: 22. The astrology software package Java Kimset is designed to helpday
Uploaded: 2024-03-20T07:06:41.000Z
Channel: Bartleby
Description: 22. The astrology software package Java Kimset is designed to helpday traders choose stocks based on the position of the planets andconstellations. When Benjamin ran it yesterday, it informed himthat there was a .5 probability that Amazon.com will g

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

See similar textbooks

Similar questions

Answer the following question. Sammy the Seahawk is leading the Broward College (BC) Math Team in a competition against the Technical Higher Education of Mathematics (THEM). This competition consists of up to five rounds and the team that wins three rounds first wins the competition. The first round will be at BC, the second round at THEM, and the other rounds will continue to alternate locations. Sammy calculates that the probability of winning a round at BC is 0.7 and the probability of winning a round at THEM is 0.4. What is the probability that BC wins the competition? Your answer must be accurate to 5 decimal places.
The local weather forecaster predicts that there is a 12% chance of rain on each day next week. Assuming his prediction is accurate and that the chance of rain in a given day does not depend on the chance of rain in a different day, what is the probability it will rain on at least 4 of the days next week?
An investment counselor calls with a hot stock tip. He believes that if the economy remains strong, the investment will result in a profit of $40,000. If the economy grows at a moderate pace, the investment will result in a profit of $10,000. However, if the economy goes into recession, the investment will result in a loss of $40,000. You contact an economist who believes there is a 20% probability the economy will remain strong, a 70% probability the economy will grow at a moderate pace, and a 10% probability the economy will slip into recession. What is the expected profit from this investment?
The weather in a particular town in the Pacific northwest is classified as either good, indifferent or bad. If the weather is good on a particular day, the probability it will remain good the next day is only 11%, and there is a 45% chance it will be indifferent. If the weather is indifferent on a particular day, there is a 20% chance it will become good, and a 42% chance it will become bad. If the weather is bad on a particular day, there is a 48% chance it will be bad the next day, and a 21% chance it will become indifferent. Construct the stochastic matrix that models this problem.
Kindly answer it
Exhibit 5-10The probability that Pete will catch fish on a particular day when he goes fishing is 0.8. Pete is going fishing 3 days next week. Refer to Exhibit 5-10. The expected number of days Pete will catch fish is?
Q4. A shipment of two boxes, each containing eight telephones, is received by a store. Box 1 contains two defective phones and box 2 contains one defective phone. After the boxes are unpacked, and all phones are mixed. Then a phone is selected and that was found to be defective. Find the probability that it came from box 2.
Analysts expects that 11% of all publicly traded companies will experience a decline in earnings next year. If a company is headed for a decline, there is a 74% chance that this ratio will be negative. If the company is not headed for a decline, there is only a 20% chance that the ratio will be negative. The analyst randomly selects a company and its ratio is negative. What is the probability that the company will experience a decline?
In the last week of the semester, Stéphane decides to “reward” the students by no longer limiting himself to 4 exercises and instead assigning every activity he writes. If a student with a 60% chance of correctly answering an exercise is expected to answer three correctly, what is the probability that Stéphane did not have a visitor that week?
An investment counselor calls with a hot stock tip. He believes that if the economy remains strong, the investment will result in a profit of $40,000. If the economy grows at a moderate pace, the investment will result in a profit of $20,000. However, if the economy goes into recession, the investment will result in a loss of $40,000. You contact an economist who believes there is a 20% probability the economy will remain strong, a 70% probability the economy will grow at a moderate pace, and a 10% probability the economy will slip into recession. What is the expected profit from this investment?