QUESTION 5 You are considering buying a 100 shares of WalMart stock. In any given week, the stock can either increase in value by 3.6% or decrease in value by 2.2%. The probability that the stock increases is 0.58; otherwise, the stock decreases in price. How the stock performs in any given week is independent of how it has performed in the past. What is the expected return in a randomly chosen week? (please round your answer to 2 decimal places) Please explain by incorporating Excell function or TI 89 function.

QUESTION 5 You are considering buying a 100 shares of WalMart stock. In any given week, the stock can either increase in value by 3.6% or decrease in value by 2.2%. The probability that the stock...

You are considering buying a 100 shares of WalMart stock. In any given week, the stock can either increase in value by 3.6% or decrease in value by 2.2%. The probability that the stock increases is 0.58; otherwise, the stock decreases in price. How the stock performs in any given week is independent of how it has performed in the past. What is the expected return in a randomly chosen week? (please round your answer to 2 decimal places)

Please explain by incorporating Excell function or TI 89 function.

Jun 03, 2022