SOLUTION: An investor believes that on a day when the Dow Jones Industrial Average (DJIA) increases, the probability that the NASDAQalso increases is 77%. If the investor believes that there

SOLUTION: An investor believes that on a day when the Dow Jones Industrial Average (DJIA) increases, the probability that the NASDAQalso increases is 77%. If the investor believes that there

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Question 1150047: An investor believes that on a day when the Dow Jones Industrial Average (DJIA) increases, the probability that the NASDAQalso increases is 77%. If the investor believes that there is a 60% probability that the DJIA will increase tomorrow, what is the probability that the NASDAQ will increase as well?
Answer by Shin123(626) (Show Source): You can put this solution on YOUR website!
There is a 60% x 77%=0.6x0.77=0.462= %.
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