Solved: Suppose that each day the price of a stock moves
Chapter , Problem 3(choose chapter or problem)
Suppose that each day the price of a stock moves up 1/8 of a point with probability 1/4, remains the same with probability 1/3, and moves down 1/8 of a point with probability 5/12. If the price fluctuations from one day to another are independent, what is the probability that after six days the stock has its original price?
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer