Question

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

Answer 1

The answer is "
`\bold{(6)/(10)}`"

Explanation:

`\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`

That's why the answer is
`\to (6)/(10)`