A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Suppose there is a 40% chance that a risky stock investment will end up in a total loss of your investment. Because the rewards are so high, you decide to invest in three independent risky stocks. What is the probability that all three stocks end up in total losses?
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