Day traders typically buy and sell stocks (or other investment instruments) during the trading day and sell all investments by theend of the day. The following table shows the closing prices on September 22, 2015, of 12 stocks selected by your broker,Prudence Swift, as well as the change that day.Tech StocksCloseChangeAAPL (Apple)$113.40-1.81ADBE (Adobe Systems)$84.661.34EBAY (eBay)$25.61-0.31MSFT (Microsoft)$3.90-0.21S (Sprint)$4.400.02WIFI (Boingo Wireless)$8.510.56Non-Tech StocksANF (Abercrombie & Fitch)$21.81-0.02в (Воeing)$133.99-2.03F (Ford Motor Co.)$13.91-0.40GE (General Electric)$25.100.01GIS (General Mills)$57.120.33JNJ (Johnson & Johnson)$93.260.13On the morning of September 22, 2015, Swift advised you to purchase a collection of three tech stocks and two non-tech stocks,all chosen at random from those listed in the table. You were to sell all the stocks at the end of the trading day.(a) How many possible collections are possible?x collections(b) You tend to have bad luck with stocks-they usually start going down the moment you buy them. How many of thecollections in part (a) consist entirely of stocks that declined in value by the end of the day?collections(c) Using the answers to parts (a) and (b), what would you say your chances were of choosing a collection consistingentirely of stocks that declined in value by the end of the day?25

Let us start solving the problem step by step A)We need to find possible collections B)no of…

Answered: Day traders typically buy and sell…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

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