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Alex
4 years ago
11

ts) The unit price of a certain commodity evolves randomly from day to day with a general downward drift but with an occasional

upward jump when some unforeseen event excites the markets. Long term records suggest that, independently of the past, the daily price increases by a dollar with probability 0.45, declines by 2 dollars with probability 0.5, but jumps up to 10 dollars with probability 0.05. Let C0 denote the price today and Cn the price n days into the future. How does the probability PrCn ¡ C0s behave as n
Mathematics
1 answer:
levacccp [35]4 years ago
7 0

Answer:

Sorry I have no idea lol. I hope you find your answer soon.

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