You are considering buying a 100 shares of WalMart stock. In any given week, the stock can either increase in value by 4% or decrease in value by 2%. The probability that the stock increases is 0.6; otherwise, the stock decreases in price. How the stock performs in any given week is independent of how it has performed in the past. What is the expected return in a randomly chosen week? (please round your answer to 2 decimal places)

You are considering buying a 100 shares of WalMart stock. In any given week, the stock can either increase in value by 4% or decrease in value by 2%. The probability that the stock increases is 0.6; otherwise, the stock decreases in price. How the stock performs in any given week is independent of how it has performed in the past. What is the expected return in a randomly chosen week? (please round your answer to 2 decimal places)

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

We have a 150-seat airplane. Historically 93% of ticket holders show up for the flight. If I sell 159 tickets what is the probability I will have to bump one or more passengers? round to 2 decimal point
Maggie is practicing her penalty kicks for her upcoming soccer game. During the practice, she attempts 10 penalty kicks. If each attempt at the penalty kick is independent of the other attempts and if she scores 65% of the time, historically, what is the probability that she scores at least eight goals? Give your answer as a percentage precise to two decimal places. %
A certain virus infects one in every 400 people. A test used to detect the virus in a person is positive 85% of the time if the person has the virus and 10% of the time if the person does not have the virus. Rounding your answer to four decimal places, find the probability that a person has the virus given that they have tested postive does not have the virus given that they test negative
During a single day at radio station WMZH, the probability that a particular song isplayed is 22%. What is the probability that this song will be played on exactly o daysout of 5 days? Round your answer to the nearest thousandth
A blood test for diabetes gives a positive result with a proportion of 0.48 when an individual has diabetes and a negative result with a proportion of 0.95 when they do not. Approximately a proportion of 0.31 of the population has diabetes. If a randomly chosen citizen tested negative, what is the probability that they actually have diabetes? Round your answer to five decimals. Answer:
Thank you!
A quick quiz consists of a true/false question followed by a multiple-choice question with 6 possible answers. If both questions are answered with random guesses, find the probability that both responses are correct. Report the answer as a percent rounded to two decimal place accuracy. You need not enter the "%" symbol. Probability =
65% of the people in Missouri pass the driver's test on the first attempt. A group of 7 people took the test. What is the probability that at most 3 in the group pass their drivers tests in their first attempt? Round your answer to 3 decimal places. Remember 65%=0.65
A 25 year old can purchase a one-year life insurance policy for $10,000 at a cost of $100. Past history indicates that the probability of a person dying at age 25 is 0.0015. Determine the company's expected gain per policy. 15 85 115 985
An insurance company sells a $2,000, eight-year term life insurance policy to an individual for $220. Find the expected return for the company if the probability the individual will live for the next eight years is 0.99. (Round your answer to the nearest cent.)
David Ortiz, a professional baseball player who retired in 2016, had a batting average of 0.290 during his time with the Boston Red Sox. This means he had a probability of 0.290 of making a safe hit on each time at bat. What is the probability that it takes exactly 4 times at bat for David Ortiz to make a safe hit for the first time? Do not enter probability in terms of percentage. Round your answer to four decimal places.
The probability of obtaining a raw chicken sandwich at Windies restaurant is 10.4%. Complete the table below to find the probability that the first raw chicken sandwich you get will be on the xth sandwich you buy.Report answers accurate to 3 decimal places or copy paste from Excel. xth sandwich bought Probability this will be your first raw chicken sandwich 1 2 3 4 5 6 or greater