Multiple Choice
The closing price of a company's stock tomorrow can be lower, higher or the same as today's closing price. Without any prior information that may affect the price of the stock tomorrow, the probability that it will close higher than today's close is 1/3. 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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