Syracuse Business Daily

Can someone help me solve this math probability story problem!?

Right now the market for web stocks is sizzling. of the 126 initial public offerings of internet stocks priced this year, 73 are trading above the price they closed on their first day of trading... still 53 of the offerings have failed to live up to their fabulous first day billings, and 17 of these are below the initial offering price. assume that on the first day of trading all stocks are closed higher than thier initial offering price. ---------------------- PART A what is the sample space for the scenario? --------------- PART B write down the associated probabiltiy distribution (round answers to two decimal places) -------- PART C what is the probabilitiy that an internet stock pruchased during the period reported ended either below its initial offering price or above the price it closed on its first day of trading? someone please help!! okay but PLEASE SHOW WORK AND EXPLAIN I JUST STILL DONT UNDERSTAND IT.

Public Comments

1. PART A ANSWER: SAMPLE SPACE 126 PART B ANSWER: 57.9% HIGHER, 13.5% LOWER PART C ANSWER: 100% Why??? "probabilitiy either below or above" "assume all stocks are closed higher"