Multiple Choice
The closing price of a company's stock tomorrow can be lower, higher or the same as today's closing price. Based on the closing price of the stock collected over the last month, 25% of the
Days the closing price was higher than previous day's closing price, 45% was lower than previous
Day's and 30% was the same as previous day's. Based on this information, the probability that
Tomorrow's closing price will be higher than today's is 25%. This is an example of using which
Of the following probability approach?
A) A priori probability
B) Empirical probability
C) Subjective probability
D) Conditional probability
Correct Answer:

Verified
Correct Answer:
Verified
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