It known that when the earnings of the Alpha Corporation go up, its stock price usually goes up. In...

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It known that when the earnings of the Alpha Corporation go up, its stock price usually goes up. In fact, when earnings go up in one quarter, 65% of the time the stock price goes up the next quarter. When their earnings go down in a quarter, 23% of the time the stock price goes up during the next quarter. If the percent changes in earnings for a quarter are normally distributed with mean 2% and standard deviation 1.5%, what is the probability that the stock price will go up in any given quarter?

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Question: It known that when the earnings of the Alpha Corporation go up, its stock price usually goes up. In fact, when earnings go up in one quarter, 65% of the time the stock price goes up the next quarter. When their earnings go down in a quarter, 23% of the time the stock price goes up during the next quarter.

It known that when the earnings of the Alpha Corporation go up, its stock price usually goes up. In fact, when earnings go up in one quarter, 65% of the time the stock price goes up the next quarter....

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