At the close of the stock markets on a day in 2017, there were 6100 companies listed with certain stock exchanges. On this day, the probabilities of advancing,declining, and unchanged company stocks appears in the table for the two exchanges. Find the probability that a stock was listed on Exchange 2 given that itadvanced.Percentage of Probability of Probability ofCompaniesListedProbability theStockStockStocks RemainUnchangedExchangeExchange 1Exchange 2AdvancingDeclining0.50520.72370.24660.02970.49480.60090.34550.0536Let F be Exchange 2 and E be an advance.P(F) = .4948 and P (F')= .5052The probability that a stock was listed on Exchange 2 given that it advanced is(Do not round until the final answer. Then round to four decimal places as needed.)

P(F) = 0.4948 P(E|F)=0.6009 P(F')=0.5052 P(E|F')=0.7237

Answered: At the close of the stock markets on a…

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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