1. An investor owns three common stocks. Each stock, independent

of the other, has equally likely chances of:

(1) increasing in value,

(2) decreasing in value,

(3) remaining the same value

List the possible outcomes of this experiment. Estimate the

probability at least two of the stocks increase in value.

of the other, has equally likely chances of:

(1) increasing in value,

(2) decreasing in value,

(3) remaining the same value

List the possible outcomes of this experiment. Estimate the

probability at least two of the stocks increase in value.

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