An investor tells you that in her estimation there is a 60% probability that the Dow Jones… 1 answer below »

An investor tells you that in her estimation there
is a 60% probability that the Dow Jones Industrial
Averages index will increase tomorrow.
a. Which approach was used to produce this figure?
b. Interpret the 60% probability.
6.5 The sample space of the toss of a fair die is
S = 51, 2, 3, 4, 5, 66
If the die is balanced each simple event has the same
probability. Find the probability of the following
events.
a. An even number
b. A number less than or equal to 4
c. A number greater than or equal to 5
6.6 Four candidates are running for mayor. The four
candidates are Adams, Brown, Collins, and Dalton.
Determine the sample space of the results of the
election