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

Algebra ->  Probability-and-statistics -> 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      Log On


   

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) About Me  (Show Source):
You can put this solution on YOUR website!
There is a 60% x 77%=0.6x0.77=0.462= highlight_green%28highlight%28highlight_green%2846.2%29%29%29%.