A business has a 60% chance of making profits in any given month of the year. For the first 9 months of 2019, the business made consistent losses every month. What do you think is the probability it will make a profit in the 10th month?

Question

Morgan Rhodes

Business

6 October, 15:13

A business has a 60% chance of making profits in any given month of the year. For the first 9 months of 2019, the business made consistent losses every month. What do you think is the probability it will make a profit in the 10th month?

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Answers (1)

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Bernard Dyer · Answer 1

60%

Explanation:

The answer is already given that ANY given month of the year, they have a 60% chance of making profits. The probability wont change since its a constant fact and unless their business improved or something tipped the scales to their favor then the probability is always 60%