Suppose that the daily price of each share of X stock is a random walk with each day’s movement in price independent of the previous day’s price change. Every day, the stock can either go up or down by $10, with 60% probability will go up and with 40% will go down. The stock is currently valued at $60. What is the probability that the value of the stock two days from now will be exactly $60?

Step-by-step explanation:

Explain in detail how you would find the percent of legislators who will vote in favor based on the information in the table. 2.Based on the information in the table, what percentage of the legislators will vote in favor? 3. Explain how you would use the information in Question #2 to predict the final vote of the entire 150 member House of Representatives. 4. A 67% approval is needed to pass the budget. How many of the 150 members of the Texas House of Representatives would need to vote in favor to pass the budget?