Simplified stock market Suppose there are three kinds of days: GOOD, GREAT, and ROTTEN. The following table gives the frequency of each of these types of days and the effect on the price of a certain stock on that day. Type of Day | Frequencey | Change in value --------------------------------------------- GOOD | 60 % | +2 GREAT | 10 % | +5 ROTTEN | 30 % | -4 The type of a given day is independent of the type of any other day. Let X be the random variable giving the change in value of the stock after 1 day.

Simplified stock market Suppose there are three kinds of days: GOOD, GREAT, and ROTTEN. The following table gives the frequency of each of these types of days and the effect on the price of a certain stock on that day. Type of Day | Frequencey | Change in value --------------------------------------------- GOOD | 60 % | +2 GREAT | 10 % | +5 ROTTEN | 30 % | -4 The type of a given day is independent of the type of any other day. Let X be the random variable giving the change in value of the stock after 1 day.

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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