Answer
From parts b, c and d, we observe that the probability of positive returns increases with an increase in the time frame. Hence, stocks are a good option for long term investment.
Work Step by Step
Given above.
Statistics: Informed Decisions Using Data (4th Edition)
by Sullivan III, Michael
Published by
Pearson
ISBN 10:
0321757270
ISBN 13:
978-0-32175-727-2
Chapter 8 - Section 8.1 - Assess Your Understanding - Applying the Concepts - Page 411: 23e
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