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Don Trastmi is a respected investment consultant, but with a bit of a pessimistic attitude. He always projects correctly when the stock market goes down, but he is right only 6 out of 10 times when the market goes up. Don projects that next week the market will go up. What is the probability that the market will indeed go up

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Answer:

The answer is "[tex]\bold{\frac{6}{10}}[/tex]"

Step-by-step explanation:

[tex]\to p(\frac{\text{Market is falling}}{\text{The expected demand is fall Don}}) =1\\\\\to p(\frac{\text{Market is falling}}{\text{The expected demand is rising Don}}) =0.6[/tex]

That's why the answer is [tex]\to \frac{6}{10}[/tex]

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