Estimate probability of the stocks increase in value

Reference no: EM13120019

An investor owns three common stocks. Each stock, independent of the other, has equally likely chances of:

(1) increasing in value,
(2) decreasing in value,
(3) remaining the same value

List the possible outcomes of this experiment. Estimate the probability at least two of the stocks increase in value.

Reference no: EM13120019

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