SOLUTION: Assume the probability of any stock chosen at random having a return over 10% in one year is 15% (p=.15). If I pick 3 stocks what is the probability that all three will have a ret

SOLUTION: Assume the probability of any stock chosen at random having a return over 10% in one year is 15% (p=.15). If I pick 3 stocks what is the probability that all three will have a ret

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Question 805219: Assume the probability of any stock chosen at random having a return over 10% in one year is 15% (p=.15). If I pick 3 stocks what is the probability that all three will have a return over 10%?
Answer by edjones(8007) (Show Source): You can put this solution on YOUR website!
.15
=15/100
=3/20
(3/20)^3
=27/8000 the probability that all three will have a return over 10%.
.
Ed
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