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Q3. A commodity's stock price on Day 1 is £ 10. A financial expert forecasts this stock's trend for the next two days: Day 2 and Day 3 . The probability of the stock price going up on Day 2 is 0.1. If it does go up, the probability of it going up again on Day 3 is 0.3. If not, the probability of the stock price going up again on Day 3 is 0.8.a) Construct a tree diagram to show the probabilities of the stock price going up or down in the next two days.[5]b) Find the probability that the stock pri

Q3. A commodity's stock price on Day 1 is £ 10. A financial expert fo…

SOLVED: A commodity's stock price on Day 1 is â‚¬10. A financial expert forecasts this stooping trend for the next two days: Day 2 and Day 3. The probability of the stock price going up on Day 2 is 0.1. If it does go up, the probability of it going up again on Day 3 is 0.3. If not, the probability of the stock price going up again on Day 3 is 0.8.a) Construct a tree diagram to show the probabilities of the stock price going up or down in the next two days. [5]b) Find the probability that the sto

SOLVED: A commodity's stock price on Day 1 is â‚¬10. A financia…

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