The CEO of a local investment firm has asked you to forecast rates of return (as %'s) for the stock prices of two Seattle-area bakeries - Tiny French Bakery and Raining Donuts. You construct the following joint probability distribution for the rates of return for the stock prices of the two firms: (The values in the body of the table are intersection/joint probabilities) Rate of Return (%) Values Tiny French Bakery -15% -7% 2% Raining Donuts -5% 0.07 0.05 0.13 -10% 0.11 0.09 0.1 5% 0.07 0.26 0.12 If the rate of return of Raining Donuts is negative, what is the probability the rate of return for Tiny French Bakery is positive? (SHOW WORK;
The CEO of a local investment firm has asked you to forecast rates of return (as %'s) for the stock prices of two Seattle-area bakeries - Tiny French Bakery and Raining Donuts. You construct the following joint probability distribution for the rates of return for the stock prices of the two firms: (The values in the body of the table are intersection/joint probabilities) Rate of Return (%) Values Tiny French Bakery -15% -7% 2% Raining Donuts -5% 0.07 0.05 0.13 -10% 0.11 0.09 0.1 5% 0.07 0.26 0.12 If the rate of return of Raining Donuts is negative, what is the probability the rate of return for Tiny French Bakery is positive? (SHOW WORK;
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.8: Probabilities Of Disjoint And Overlapping Events
Problem 2C
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