document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1114814>Question 1114814</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A stock's price is expected to vary between $10 and $20 over the next 6 months. It currently costs $12. If each possible value for the stock is equally likely to occur, then what is the theoretical probability that I will make money purchasing this stock?\r<BR>\n" );
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document.write( "Pretend that stock prices can only be whole-dollar amounts. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #729733 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=729733\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> the stock price can vary between 10 and 20.<BR>\n" );
document.write( "that's 11 possibilities.\r<BR>\n" );
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document.write( "the probability of any one of those events occurring is 1/11.<BR>\n" );
document.write( "the probability of any one of those events not occurring is 10/11.\r<BR>\n" );
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document.write( "the probability that it could be 10 is therefore 1/11.<BR>\n" );
document.write( "the probability that it could be 11 is therefore 1/11.<BR>\n" );
document.write( "the probability that it could be 12 is therefore 1/11.\r<BR>\n" );
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document.write( "the probability that it could be 10 or 11 or 12 is therefore 3/11.\r<BR>\n" );
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document.write( "the probability that it could be 13 through 20 is therefore 8/11.\r<BR>\n" );
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document.write( "since 13 through 20 is greater than 12, then the theoretical probability of making money on the stock in 6 months is 8/11.\r<BR>\n" );
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document.write( "that's what i think.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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