Question 1148496
.


(a)    What is the probability both stocks appreciate during the period?

<pre>
     P = 0.7*0.6.
</pre>


(b) &nbsp;&nbsp;What is the probability the bank appreciates but the utility does not?

<pre>
     P = 0.7*(1-0.6).
</pre>


(c)  &nbsp;&nbsp;what is the probability at least one of the stocks appreciates?

<pre>
     P = 0.7*(1-0.6) + (1-0.7)*0.6
</pre>


Solved, answered and completed.