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A large stock traded on Borsa Istanbul can realize a positive or a negative return independently...

A large stock traded on Borsa Istanbul can realize a positive or a negative return independently on a given day.​ (Assume that every day there are many trades​ executed, so that the return is never​ zero.) A positive return means that the stock ended the day with a closing price​ increase, while a negative return means that the stock ended the day with a closing price​ decrease, compared to the previous trading day. Suppose that closing price increases and closing price decreases are​ equally-likely events. What is the chance that the Borsa Istanbul stock will have a decreasea decrease in its closing price on four consecutive trading​ days?
math   Statistics-And-Probability   
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