A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
A stock market analyst figures the probabilities that two related stocks, A and B, will go up in price. She finds the probability that A will go up to be 0.8 and the probability that both stocks will go up to be 0.3. What should be her estimate of the probability that stock B goes up, given that stock A goes up? (Enter your probability as a fraction.)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.Similar questions
- sod sid David, the promoter of an outdoor concert, expects a net profit of $100,000, unless it rains, which would reduce the net profit to $20,000. The probability of rain is 0.40 For a premium of $23,000 David can purchase insurance coverage that would pay him $100,000 in case of rain. Find the expected net profit when the insurance is not purchased. when the insurance is not purchased. The expected net profit will be $ Enter your answer in the answer bOX. Cip insert prt sc f12 f9 f6 fs f4 backspac & 15 6 0 4arrow_forwardMary is playing a game where she flips a coin with probability of head = p. She wins $1 if the coins comes up heads, and looses $1 if it comes out tails. She starts with $4, and p=0.6. What is the probability that Mary obtains a fortune of N= 10 without going broke? Round answer to 4 decimals.arrow_forwardSolve using the concept of probabilityarrow_forward
- Over the weekend, Ashley has to finish her statistics and mathematics assignments. The probability that she will finish the statistics assignment is 0.65, the probability that she will finish the mathematics assignment is 0.70, and the probability that she will finish both assignments is 0.40. What is the probability that Ashley will: (a) not finish the mathematics assignment given that she has finished the statistics assignment. (b) finish the mathematics assignment given that she has not finished the statistics assignment.arrow_forwardVictoria plays college soccer. She makes a goal 70% of the time she shoots. Victoria is going to attempt two goals in a row in the next game. A = the event Victoria is successful on her first attempt. P(A) = 0.7. B = the event Victoria is successful on her second attempt. P(B) = 0.7. Victoria tends to shoot in streaks. The probability that she makes the second goal given that she made the first goal is 0.8.a. What is the probability that she makes both goals? b. What is the probability that Victoria makes either the first goal or the second goal?arrow_forwardPedro has just entered university and has been informed that there is a 30% chance of receiving a scholarship. In the case of obtaining it, the probability of obtaining a degree is 0.85, while in the case of not obtaining it, the probability of obtaining a degree is only 0.45. Tell Peter what the probability is that he will graduate.arrow_forward
- At a restaurant, the probability that a person ordering coffee will ask for cream is 0.54. The probability that the customer will ask for sugar is 0.77. The probability that the customer will order both cream and sugar is 0.48.If a person orders coffee, what is the probability that the customer will ask for neither cream nor sugar?arrow_forwardANSWER COMPLETELY FOR UPVOTEarrow_forwardThe probability that a student passes mathematics is 2/3 and the probability that he passes biology is 3/4. if the probability of passing both courses is 1/2, what is the probability that he will pass either one of the courses?arrow_forward
- The odds in favor of Frank McKinnis winning a hot dog eating contest are 2:7. a. Determine the probability that Frank will win the contest. b. Determine the probability that Frank will not win the contest.arrow_forwardR5arrow_forwardNow you play toss-a-coin. If the coin comes up Heads, you win. If it comes up Tails, your friend wins.What is the probability that you win 4 games out of 10 now? This is a numerical question - give the answer in percent, and round to four digits after the decimal pointarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- A First Course in Probability (10th Edition)ProbabilityISBN:9780134753119Author:Sheldon RossPublisher:PEARSON
A First Course in Probability (10th Edition)
Probability
ISBN:9780134753119
Author:Sheldon Ross
Publisher:PEARSON