The probabilities that the prices of 4 commodities – A, B, C and D – will increase within the next three 3 months are 0.2, 0.3, 0.4, and 0.1, respectively. Assuming that the prices of these commodities behave independently, find the probability that, within the next three months, a. all four commodities
The probabilities that the prices of 4 commodities – A, B, C and D – will increase within the next three 3 months are 0.2, 0.3, 0.4, and 0.1, respectively. Assuming that the prices of these commodities behave independently, find the probability that, within the next three months, a. all four commodities
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The probabilities that the prices of 4 commodities – A, B, C and D – will increase within the
next three 3 months are 0.2, 0.3, 0.4, and 0.1, respectively. Assuming that the prices of
these commodities behave independently, find the probability that, within the next three
months,
a. all four commodities will increase in price. ______________
b. none of the 4 commodities will increase in price. ______________
c. only one commodity will increase in price.
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