Answer:
0.2109 or 21.09%
Step-by-step explanation:
In order to maintain the same price after two days, the stock must go up (U) on two days and go down (D) on two days, the sample space for this event is:
S={UUDD, UDUD, UDDU, DDUU, DUDU, DUUD}
There are 6 equally likely possible outcomes. The probability that the price of the stock will be the same as it is today is:
The probability is 0.2109 or 21.09%.
Answer:
The correct option is;
B. Yes. The ratios of towers to customers (thousands) are all equivalent to a unit rate of 52 Towers/(Thousand customers)
Step-by-step explanation:
The given data can be presented as follows;
Cell Phone Towers
Customer (thousands) Towers
1) 5.25 273
2) 6.25 325
3) 7.25 377
4) 9.25 481
From the given data, we have the ratio Towers/Customer (thousands) given as follows;
For 1), we have;
273 Towers/(5.25 thousands customers) = 52 Towers/(Thousand customer)
For 2), we have;
325 Towers/(6.25 thousands customers) = 52 Towers/(Thousand customer)
For 3), we have;
377 Towers/(7.25 thousands customers) = 52 Towers/(Thousand customer)
For 4), we have;
481 Towers/(9.25 thousands customers) = 52 Towers/(Thousand customer)
Therefore, the ratios of towers to customers (thousands) all have the same equivalent unit rate of 52 Towers/(thousand customers).