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Suppose That the Stock Market for Any Given Year Can

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Essay

Suppose that the stock market for any given year can be characterized as being one of the following: 1) poor, 2) average, 3) good, or 4) excellent. If there are 1,800 people who randomly predict stock market performance for this and each of the next three years, how many people will have been right four years in a row?


Definitions:

Preserving Information

The process of maintaining or keeping information intact and accessible over time.

Vivid

Producing powerful feelings or strong, clear images in the mind.

Recollections

The act of remembering past events or experiences.

Short-Term Memory

Short-term memory is the capacity for holding a small amount of information in the mind in an active, readily available state for a short period.

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