The probability that the market will go up and interest rate will go down during the period in question is 0.03.
<h3>What is the probability?</h3>
Probability determines the chances that an event would happen. The probability the event occurs is 1 and the probability that the event does not occur is 0.
The probability that the market will go up and interest rate will go down = 0.08 X 0.40 = 0.03
13 divided by 11.3 is 1.150442477876106. So 15 by 1.150442477876106 and you get 13.03846162772485. Just round it to the nearest tenth and you get 13.0.
Explanation If ‘a’ represents his age today, and you have to find his age in four years you take 4 multiplied a. (4 x a) putting it together and you would get 4a
