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You have been assigned to study an index fund of your company. The index fund consists of stocks in countries with ASEAN - Association of Southeast Asian Nations. Member countries are: Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.
Find the probability the number of positive days for the fund is between 1 and 3.
The percent of positive days of the SET (Stock Exchange of Thailand) will be used
to estimate the probability of a positive day
The probability of a positive day is 0.49 and you are looking at 5 days.
Assume the stock market is efficient.
Enter your answer below (4 decimal places).
Probability:
