## [answered] According to the &quot;January theory,&quot; if the

 According to the "January theory," if the stock market is up for the month of January, it will be up for the year. If it is down in January, it will be down for the year. According to an article in?The Wall Street Journal, this theory held for 23 out of the last 34 years. Suppose there is no truth to this theory; that is, the probability it is either up or down is 0.5.

?

 What is the probability this could occur by chance??(Round your answer to 6 decimal places.)

?

 ??Probability ??

Let X denote number of years where this idea holds in n = 34 independent

years, where each has a probability p = 0.5

We denote this by:

X ? Binomial(n = 34, p = 0.5) P (X = 23), n = 34, p = 0.5

X...

Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Sep 18, 2020

Solution~0001003990.zip (25.37 KB)

Buy this answer for only: \$15

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy from our tutoring website www.aceyourhomework.com (Deadline assured. Flexible pricing. TurnItIn Report provided)

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Sep 18, 2020

EXPERT

Tutor

ANSWER RATING

### Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.