Share of a stock end at $15 per share on Friday. The table shows the amount that the stock price is above or below $15 at the en
d of each following
1 answer:
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Answer:
P(x > 10) = 0.6981.
Step-by-step explanation:
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
In which is the number of different combinations of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
In this question:
P(x>10)
In which
So P(x > 10) = 0.6981.