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The likelihood of Company A’s stock price rising is 20%, and the likelihood of Company B’s stock price rising is 55%. Assume that the returns of Company A and Company B stock are independent of each other. The probability that the stock price of at least one of the companies will rise is ______.   Multiple Choice 70% 64% 11% 30%

The likelihood of Company A’s stock price rising is 20%, and the likelihood of Company B’s stock price rising is 55%. Assume that the returns of Company A and Company B stock are independent of each other. The probability that the stock price of at least one of the companies will rise is ______.   Multiple Choice 70% 64% 11% 30%

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...
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The likelihood of Company A’s stock price rising is 20%, and the likelihood of Company B’s stock price rising is 55%. Assume that the returns of Company A and Company B stock are independent of each other. The probability that the stock price of at least one of the companies will rise is ______.

 

Multiple Choice

70%

64%

11%

30%

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