Respuesta :
Answer:
The probability that Joe's stock will go up and he will win in the lottery is 0.00005.
Step-by-step explanation:
Let the events be denoted as:
X = the stock goes up
Y = Joe wins the lottery
Given:
P (X) = 0.50
P (Y) = 0.0001
The events of the stock going up is not dependent on the the event of Joe winning the lottery.
So the events X and Y are independent of each other.
Independent events are those events that can occur together at the same time.
The joint probability of two independent events A and B is,
[tex]P(A\cap B)=P(A)\times P(B)[/tex]
Compute the value of P (X ∩ Y) as follows:
[tex]P(X\cap Y)=P(X)\times P(Y)=0.50\times 0.0001=0.00005[/tex]
Thus, the probability that Joe's stock will go up and he will win in the lottery is 0.00005.
Answer:
0.00005
Step-by-step explanation:
All you would have to do is .5 * .0001 which gives you .00005
