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Make Projections on the Basis of Mathematical Analysis
Complete the following:
10.1 Playing the Stock Market
Jamie likes to play the stock market. If Jamie purchases stock from a company at a certain price and the value of the stock increases, Jamie can sell the stock to someone else at the higher price and make money. Two months ago, Jamie purchased stock in 23 companies. A month later, the stock of 15 of companies had increased in price, but the stock of the other 8 companies had decreased in price.
What is the relative frequency of profitable stocks (those that made money)?
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