Roman is considering buying shares of GHI stock. The stock currently sells for $60 per share. The stock changes in value at 8:00 am each day, either increasing in value by $10 or decreasing in value by $1. The stock will increase in value with 90% probability, and decrease in value with 10% probability. The stock follows a random walk. In three days, what is the probability that GHI is less than $70?

Answers

Answer 1

Answer:

The Probability that the GHI is less than $70 in three days is 1% or 0.01

Step-by-step explanation:

Here, we want to find the probability that the GHI is less than $70.

So what we do here is to find the scenarios that could make the $60 less than $70 is three days;

Scenario 1;

Two days decrease and one day increase

That will bring the value to 60 -1-1 + 10 = $68 which is less than 70

Scenario 2;

Three days decrease

That will bring the value to

60-1-1-1 = 57 which is less than 70

Any other possible scenario to make the value of the share less than 70? NO !

For the 1st case scenario;

Two days decrease and one day increase;

The scheduled probabilities will be as follows;

Kindly recall, probability of increase = 90% = 90/100 = 0.9

Probability of decrease = 10% = 10/100 = 0.1

So probability in scenario 1 will be;

P(Two days decrease and one day increase)

= 0.1 * 0.1 * 0.9 = 0.009

Kindly note this can happen in any order and since no order was specified, we do not need to consider other cases

Scenario ii

Three days decrease

That will be;

P(three days decrease) = 0.1 * 0.1 * 0.1 = 0.001

So the addition of both since we will be having either of the two and or means addition in probability will be ;

0.001 + 0.009 = 0.01 = 1%


Related Questions

- 3 (n-3)-5
simplify the expression using distributive property please rnnn

Answers

distribute the “-3” to both n&-3 —> -3n+9 then your left with -5 and subtract 9-5

-3n+4

Hope this helps:)

I need help simplifying -10x-x​

Answers

Answer and Step-by-step explanation:

-11x

You just combine all your like terms together and it should leave you with -11x

Hope you found this helpful! ^-^

Find the LCM 6 and 12

Answers

the answer to your question is 12

Find the quotient (-6) divided by (-7)

Answers

Answer:

I got a decimal

Step-by-step explanation:

0.857142857

Answer:

Step-by-step explanation:

|5.9| + |-22|
Hope you can answer

Answers

27.9

the lines on the outside are absolute value bars meaning anything on the inside is positive. making |5.9| = 5.9 and |-22|= 22.
5.9+22= 27.9

hope this helps :’)

Answer:

27.9

Explanation:

As you can see they both have an absolute value because they are both in between the 2 lines. So you have to change both of them into a positive number. You would get 5.9+22 which would equal 27.9

9. Hannah solved an equation as shown below.
4(x - 6) = 14
4x – 24 = 14
4x = 38
19
X=-
2
In her solution, Hannah applied three properties:
1. Division Property of Equality
II. Addition Property of Equality
III. Distributive Property
In which order did she use the properties?
a) I, II, III
c) III, II, I
b) II, III, I
d) III, I, II

Answers

the answer is c. distributive, addition, then division.

Find the value of x ​

Answers

Answer:

x° = 123

Step-by-step explanation:

this triangle is isoceles so it has 2 congruent angles.

let y be the second angle

the sum of a triangle's angle is 180°

[tex]180 = 66 + y + y \\180 = 66 + 2y[/tex]

add [tex]-66[/tex] to both sides

[tex]180 - 66 = 2y + 66 - 66 \\114 = 2y[/tex]

divide both sides by 2

[tex]\frac{114}{2} = \frac{2y}{2}[/tex]

[tex]57 = y[/tex]

we khow that [tex]x + y = 180[/tex]

[tex]x + y = 180 \\x + 57 = 180[/tex]

add -57 to both sides

[tex]x + 57 - 57 = 180 - 57 \\x = 123[/tex]

A survey conducted with 50 people on the ice cream flavor they like.It was found out that 28 like chocolate,15 like mango,and 20 likes strawberry.Futhermore,8 like chocolate and strawberry,11 like mango and strawberry,7 like chocolate and mango,and 4 people like all the 3 flavors.

Find the number of people who like.

A.Chocolate Only
B.Mango only
C.Strawberry Only
D.Chocolate and strawberry
E.None of the flavors​

Answers

Answer:

A. Chocolate Only = 17

B. Mango only = 1

C.Strawberry Only = 5

D.Chocolate and strawberry = 4

E.None of the flavors​ = 9

Step-by-step explanation:

Kindly check attached picture for detailed explanation

A set is a group of related item.

17 like chocolate only1 likes mango only5 like strawberry only4 like chocolate and strawberry only4 like  none

Let:

[tex]C \to Chocolate[/tex]

[tex]M \to Mango[/tex]

[tex]S \to Strawberry[/tex]

So, we have:

[tex]C = 28[/tex]

[tex]M = 15[/tex]

[tex]S = 20[/tex]

[tex]n(C\ n\ S) = 8[/tex]

[tex]n(M\ n\ S) = 11[/tex]

[tex]n(C\ n\ M) = 7[/tex]

[tex]All = 4[/tex]

[tex]n(U) = 50[/tex] -- the population

(a) Chocolate only.

This is calculated as:

[tex]C\ only = C - n(C\ n\ S) - n(C\ n\ M) + All[/tex]

So, we have:

[tex]C\ only = 28 - 8 - 7 + 4[/tex]

[tex]C\ only = 17[/tex]

(b) Mango Only

This is calculated as:

[tex]M\ only = M - n(M\ n\ S) - n(C\ n\ M) + All[/tex]

So, we have:

[tex]M\ only = 15 - 11 - 7 + 4[/tex]

[tex]M\ only = 1[/tex]

(c) Strawberry only

This is calculated as:

[tex]S\ only = S - n(M\ n\ S) - n(C\ n\ S) + All[/tex]

So, we have:

[tex]S\ only = 20 - 11 - 8 + 4[/tex]

[tex]S\ only = 5[/tex]

(d) Chocolate and strawberry

This has already been given as:

[tex]n(C\ n\ S)\ only=n(C\ n\ S) - All[/tex]

[tex]n(C\ n\ S)\ only=8 - 4[/tex]

[tex]n(C\ n\ S)\ only = 4[/tex]

(e) None

See attachment for the Venn diagram that represents the set

Subtract the sum of all the numbers in the Venn diagram from the total (50)

[tex]None = 50 - (17 + 1 + 5 + 4 + 4 + 7 + 3)[/tex]

[tex]None = 9[/tex]

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The heights of four students are 148.5 centimeters, 146.9 centimeters, 148.2 centimeters, and 148.75 centimeters. Kylie is the tallest. Elly is taller than Jessica, but shorter than Elizabeth. Jessica is the shortest. What is Elizabeth’s height?

Answers

Elizabeth’s height is 148.5 centimeters.

If Kylie is the tallest, she would be 148.75.
That leaves the other three heights.
Elly is taller than Jessica, which means that she could either be the second or third tallest. Then it is revealed that Elly is also shorter than Elizabeth, meaning that she must be the third tallest, meaning Ellys height would be 148.2.
Jessica is the shortest, at 146.9.

That leaves one height, 148.5, which is Elizabeth’s.

Lcm of 12,16,24,32,36

Answers

Answer:

288

Step-by-step explanation:

24 is a multiple of 12, and 36 is a multiple of 12, so the LCM of 24, 32, and 36 will also be the LCM for 12 and 16.

24 = 2^2 * 3

32 = 2^5

36 = 2^2 * 3^2

LCM = 2^5 * 3^2

LCM = 288

you have $53 in your bank account. you deposit $127. then you withdraw $40 . how much money is in your account now?

Answers

$53 + $127 - $40 = $140

Answer:

Step-by-step explanation:

53+127=180 so $180 total

180-40=140

$140

Which option completes the explanation for conflict of interest in an organization?
The organization wants you to avoid situations that make you choose between its overall benefit and your _______

Answers

Answer:

personal gain

Step-by-step explanation:

it was on a quizlet flashcard

A taxi company states that a driver drives about 575 miles per day and that this amount can vary by as much as 45 miles. What are the maximum and minimum numbers of miles a driver will drive in a day?

Answers

Answer:

323

Step-by-step explanation:

The midpoint of GH are M(4,3) and D(5,-6). The coordinates of the endpoint are?

Answers

Answer:

The endpoint coordinates are (3,12)

Step-by-step explanation:[tex]\frac{5+x^{2} }{2} =4[/tex] [tex]\frac{-6+y^{2} }{2} = 3[/tex]

You multiply 4 by 2 which gives you 8 and write the equation[tex]5+x^{2} =8[/tex] then you subtract 5 from 8 to get 3 for the x coordinate.

You multiply 3 by 2 which gives 6 and writhe the equation[tex]-6+y^{2}=6[/tex] then you substitute the -6 for +6 and add +6 and 6 to get 12 for the y coordinate.

To check use the midpoint formula with coordinates D and your endpoint coordinates[tex]\frac{5+3}{2}=\frac{8}{2} =4 \\[/tex]  [tex]\frac{-6+12}{2} =\frac{6}{2} =3[/tex] and you get the answer for the midpoint which is (4,3)

Millie lives in home valued at $195,000 and her mortgage is $160,000. She has $3200 in her saving accounts. What is her net worth?

Answers

685,000

Step-by-step explanation:

195000

160000

3200

685000

A ratio that compares a quantity to 100 is a/an....
Group of answer choices

1.Rate

2.Percent

3.Equivalent Ratio

Answers

Answer: percent

Step-by-step explanation: 1 out of 100 is 1%

PLEASE SEND HELP!!! I need to finish this test in 20 minutes.

Answers

Answer:

b

Step-by-step explanation:

this is the answer

As a sales person, you earn $200 plus two sevenths of your sales. What dollar amount of sales do you need this week to $500?

Answers

Answer:

You need $1050 worth of sales to make $500 this week.

Step-by-step explanation:

First make an equation,

The equation would be [tex]\frac{2}{7} s +200 = 500[/tex]

S is your sales

Second, solve the equation

   minus 200 from 500

   multiply 300 with the reciporcal of 2/7

Third, you should have the answer now.

s = 1050

15 Points!!! Which system of inequalities is shown?

a. y < x
y > 2

b. y < x
y < 2

c. y > x
y < 2

d. y > x
y > 2

Answers

Answer:

they are equal so what one shows that they rise 2 run 2

Step-by-step explanation:

The correct option is Option A: The system of inequalities that are shown within the graph are in y < x and y > 2.

What is inequality?

Inequality means the relation that creates a non-equal comparison between two numbers or other expressions. It is the condition of unequalness. A system of inequalities is a set of two or more inequalities in one or more than one variables.

According to the question,

For the given condition,

The graph basically shows the inequality relationship between x and y.

The correct system of inequality is found by plotting all the choices within the graph.

The graph below shows the system of inequalities as shown for the expression,

Therefore, the system of inequalities that are shown within the graph is in option (a) i.e y < x and y > 2.

To learn more about the System of inequalities click here

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The sum of 4 consecutive integers is 78. What are the 4 integers?

Help please

Answers

Answer:19,20,21 and 22

Step-by-step explanation:  if this is for a test your welcome bud.

simply 4x+6=6(x+1)-2x

Answers

Answer:

Many solutions

Step-by-step explanation:

First, you distribute the 6 into the parenthesis:

4x+6=6(x+1)-2x

4x+6=6x+6-2x

4x+6=4x+6

subtract 6 from both sides

4x=4x

All real numbers can be the solution

Hope this helps!

Plz name brainliest if possible!

Complete the sentence to make it true statements 6 is 100 times

Answers

Answer:

6 is 100 times 0.06

Step-by-step explanation:

0.06 times 100 = 6

The answer would be 6

Last year a restaurant chain spent 3.3 X 106 dollars
opening new restaurants. This year the restaurant will
spend 9.9 X 105 dollars. Which statement is true?

А The restaurant spent $330,000 dollars last year.

B This year the restaurant will spend $9,900,000.

C The restaurant spent 6.6 X 106 dollars more this
year than last year.

D This year the restaurant will spend about 0.3 times
the amount it did last year.

HELP

Answers

i think the answer is d

If 8 is an angle in standard position and its terminal side passes through the point (21,20), find the exact value of cos 0 in simplest radical form.​

Answers

Answer:

so x = 20 , y = -21 , which is in quad IV

r^2= 400+441 = 841

r = √841 = 29

then cos Ø = 20/29

sec Ø = 29/20 = 1.45

please mark me as the brainliest answer and please follow me for more answers to your questions.

The exact value of cos [tex]\theta[/tex] is 21/29.

What is Trigonometry?

One area of mathematics known as trigonometry examines the relationship between the sides and angles of a right triangle. The relationship between sides and angles is defined for 6 trigonometric functions.

We have, point (21, 20)

So, Adjacent side= 21 and opposite side= 20

Using Pythagoras theorem

H= √ 21²  + 20²

H= √441 + 400

H= √841

H= 29 unit

So, the trigonometric ratio

cos [tex]\theta[/tex] = Adjacent side/ H

cos [tex]\theta[/tex] = 21/29

Thus, the exact value of cos [tex]\theta[/tex] is 21/29.

Learn more about trigonometry here:

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4. What is the least common denominator of: *

7
12
and
5
6

Answers

Answer:

Step-by-step explanation:

LCM of 7/12 and 5/6

12: 12, 24

6: 6, 12

LCM: 12

Point C is located at (2,8). If it is reflected across the x axis, where will C be located?

Answers

Answer:

(2, -8)

Step-by-step explanation:

The answer is (2, -8) because when you reflect a point across the x-axis, the x-coordinate always remains the same, but the y-coordinate will change. In other words, the y-coordinate becomes the opposite (signs change). In this case, since the y-coordinate was positive 8, when you reflect the point across the x-axis, the y-coordinate will change to -8

This answer is 2, -7


I think
Good luck :)

help please! i appreciate it

Answers

Answer:- 1) there are three terms

2) 3,4,1

Clint and Max worked out at the gym together today. Clint works out at the gym every 4 days. Max works out at the gym every 6 days. How many days until they both work out at the gym on the same day again?

Answers

Answer:

24 days

Step-by-step explanation:

To determine the number of days until they both work out at the gym on the same day again,

Find the lowest common multiples of 4 days and 6 days

Clint (4 days) = 8, 12, 16, 20, 24, 28, 32

Max (6 days) = 12, 18, 24, 30, 36, 42

The lowest common multiple of ,4 days and 6 days is 24 days

Therefore, the number of days until they both work out at the gym on the same day again is 24 days

Answer:

no its not 24 its 12

Step-by-step explanation:

6 plus 6 is12 and clint has to work 8 more days to get to 12

The total height of a 1-foot tall birdbath if it’s placed on a base that is b feet tall- put into an expression

Answers

iTS C THANK MEH LATER BAIIII

Find the equation of the line in slope intercept form parallel to 5x−5y=−2 and goes through the point (−10,4) y=?

Answers

Answer:

y = x + 14

Step-by-step explanation:

given

5x−5y=−2, we'll rearrange this into slope - intercept form

5x + 2 = 5y

5y = 5x + 2    (divide both sides by 5)

y = x + (2/5)

recall that the general equation of the slope-intercept form of a linear equation:

y = mx + b, the value of m represents the slope of the line

in our case, comparing the above equations, it is clear that the slope m = 1.

We are given that our line is parallel to the above line, hence it will also have  a slope of 1.

if we substitute m = 1 into the general equation, we will get

y = x + b

in order to find the value of b, we will substitute the given point (-10,4) into the equation:

4 = -10 + b   (add 10 to both sides)

b = 4 + 10

b = 14

hence our equation is y = x + 14

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