The probability of the stock market going up in a single day is 51%. What is the probability that the market will go up 4 consecutive days?

Step-by-step explanation:

Let P(S) represent the probability that stock market will go up in a day

Given

Required

Determine the probability that stock will go up 4 consecutive days

Start by converting P(S) from percentage to decimal

The above expression represents the probability in a day;

For 4 days; we have:

Substitute 0.51 for P(S)

-- Approximated

Hence, the probability that stock will rise for 4 consecutive days is 0.068

the answer is 1/4

step-by-step explanation: