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%.
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Ed
