Question

You are selling your product at a three day event. Each day there is a 60% chance you will make money. What is the probability that you will make money on the first day and lose money on the second day and make money on the third

Answer 1

The probability of making money on the first day and losing money on the second day and making money on the third will be 14.4%.

What is probability?

The probability of an event occurring is defined by probability.

Probability is also called the chance because if you flip a coin then the probability of coming head and tail is nothing but chances that either head will appear or not.

There are several instances in the everyday world where we may need to draw conclusions about how everything will turn out.

Given that,

Probability of making money = 0.60

Probability of not making money = 0.40

So,

Probability of making money on the first day and losing money on the second day and making money on the third = 0.60 × 0.40 × 0.60

⇒ 0.144 = 14.44%

Hence "The probability of making money on the first day and losing money on the second day and making money on the third will be 14.4%".

For more information about the probability,

brainly.com/question/11234923

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