15. an investor reports that there is a 0.52 probability that stock x will double over the next year…

15. an investor reports that there is a 0.52 probability that stock x will double over the next year. interpret this statement.\nit is unlikely that stock x will double over the next year.\nthe chances are about even that stock x will double over the next year.\nit is likely that stock x will double over the next year.

15. an investor reports that there is a 0.52 probability that stock x will double over the next year. interpret this statement.\nit is unlikely that stock x will double over the next year.\nthe chances are about even that stock x will double over the next year.\nit is likely that stock x will double over the next year.

Answer

Brief Explanations:

Probability values range from 0 to 1. A value of 0.52 is close to 0.5 (or 50 - 50 chance). When a probability is around 0.5, the event is about as likely to happen as not to happen.

Answer:

The chances are about even that Stock X will double over the next year.