Suppose we watch the price of the dow jones industrial

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Reference no: EM13607264

Suppose we watch the price of the Dow Jones Industrial Index for three days.

Assume there is a 60:40 chance that the price will either go up or down.

Let A: Event that there are an odd number of up days
Let B: Event that there are at least 2 up days
Let C: Event that there are exactly 3 down days
Let D: Event that there at most 2 down days
Let E: Event that there are at most 1 up day

a) Write down the sample space for this experiment.

b) Find the probabilities of the above mentioned events.

Reference no: EM13607264

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