tacowilliam20
11.02.2021 •
Mathematics
An investor owns shares in a stock whose present value is 25. She hasdecided that she will sell her stock if it goes either down to 10 or up to 40. If each changeof price is either up 1 point with probability 0.55 or down 1 point with probability 0.45,and the successive changes are independent. What is the probability that the investorretires a winner
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