Grand Canyon SYM 506 Week 3 DQ – Probability

SYM-506 | Probability
Module 3 DQ 1
Assume the financing gurus of a weekend
investment television program predicted a 50% chance of XYZ stock gaining in
January and a 50% chance of gaining in February. Your financial advisor sees
this and tells you there is a 100% chance XYZ stock will gain over the 2-month
period. Would you continue to use this financial advisor? Explain.Module 3 DQ 2
Marie claims she can predict the sex of
pregnant women’s babies. She sees 1,000 women a year, and she always predicts a
female. She charges $1,000 for a prediction, and she always predicts a female
(although clients do not know that). When she is wrong, she offers a
double-your-money back guarantee. Since the chance of having a female is
approximately 50%, how can she earn any money?