# Statistics Probability Question help

Anonymous
account_balance_wallet \$40

### Question Description

You have just received a stock tip, and have decided to invest in a stock worth \$10. Suppose that on any

given day, the price of the stock will increase by \$1 with probability 0.6, and decrease by \$1 with probability

0.4. Assuming that the daily price changes are independent, find the expected value and variance of the stock

price 3 days after purchase. Make sure to define an appropriate random variable.

JamesM847
School: New York University

Hi Please check the attached file for detail, let me know if you have any question. Thank you. Best, James

You have just received a stock tip, and have decided to invest in a stock worth \$10. Suppose that on any given

day, the price of the stock will increase by \$1 with probability 0.6, and decreas...

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Anonymous
Goes above and beyond expectations !

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