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An Investor in Apple Is Worried the Latest Management Earnings

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An investor in Apple is worried the latest management earnings forecast is too aggressive and the company will fall short. His favorite analyst that covers Apple is going to release his report on Apple the week before the earnings announcement. Report stands for the analyst's report, and Forecast stands for the earnings announcement. An investor in Apple is worried the latest management earnings forecast is too aggressive and the company will fall short. His favorite analyst that covers Apple is going to release his report on Apple the week before the earnings announcement. Report stands for the analyst's report, and Forecast stands for the earnings announcement.   What is the probability the analyst issued a good report given Apple's earnings announcement was below the forecast? What is the probability the analyst issued a good report given Apple's earnings announcement was below the forecast?


Definitions:

Dimethyl Ether

An organic compound with the formula CH3OCH3, used as an aerosol spray propellant and a refrigerant.

Boiling Point

The temperature at which a liquid turns to vapor, specific to each substance under given pressure conditions.

Diethyl Ether

A highly volatile and flammable ether used as a solvent and formerly as an anesthetic.

Butan-1-ol

A primary alcohol with the formula C4H9OH, where the hydroxyl group is attached to the first carbon of a four-carbon chain.

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