III.An investor has six stocks that she follows each day. The random variable being studied is X, thenumber of stocks that increases in value each day. The probability function for this variable is shownbelow.345f(x)=P[X=x]a. Find the probability that on a given day, majority of the stocks will increase in value.0.34.30.20.10.05.01b. Find the probability that on a given day, at least 2 of the stocks will increase in value.

Given: An investor has six stocks that she follows each day. X is the number of stocks that increase…

An investor has six stocks that she follows each day. The random variable being studied is X, the number of stocks that increases in value each day. The probability function for this variable is shown III. below. 1 2 3 4 5 6. f(x)=P[X=x] a. Find the probability that on a given day, majority of the stocks will increase in value. 0.34 .30 .20 .10 .05 .01 b. Find the probability that on a given day, at least 2 of the stocks will increase in value.

An investor has six stocks that she follows each day. The random variable being studied is X, the number of stocks that increases in value each day. The probability function for this variable is shown III. below. 1 2 3 4 5 6. f(x)=P[X=x] a. Find the probability that on a given day, majority of the stocks will increase in value. 0.34 .30 .20 .10 .05 .01 b. Find the probability that on a given day, at least 2 of the stocks will increase in value.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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