document.write( "Question 1166117: the increase and the decrease in the price of stock between the beginning and the end of a trading day is considered to be an equally and random event. What is the probability that a stock price will show and increase at closing 5 days in a row?
\n" ); document.write( "This shows answered by another tutor but he did not show his work so I have no idea how he came up with his answer . Also the answer was for 3 days and im working with 5 days. \n" ); document.write( "

Algebra.Com's Answer #790610 by ikleyn(52799) $\"\"$ $\"About$

You can put this solution on YOUR website!
.
\n" ); document.write( "

\r\n" );
document.write( "\r\n" );
document.write( "From the condition, it is with equal probability of    the difference is positive or negative.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "In other words, it is with equal probability of    we will have increase or decrease in closing every day.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "The probability to have INCREASE at closing 5 days in a row is THUS   = .    ANSWER\r\n" );
document.write( "

\r
\n" ); document.write( "\n" ); document.write( "Solved.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Is everything clear to you in my solution ?\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "If YES, then you are able, from now, to solve ANY SIMILAR PROBLEM on YOUR OWN.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Do not forget to post your \"THANKS\" to me for my teaching.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

\n" );