Investors do not invest all their money in the investment predicted to be the best because it too risky. An investor holds shares in 3 independent companies. Company a, Company b, company C an analysts predicts the probability of profit increases for each company as follows:

Company A: 0.70

Company B: 0.50

Company C: 0.65

If the analyst’s predictions are true, what is the probability that all three companies show a profit increase?

I am not sure how to do this question but I believe:

Probability of all three:

(0.75) (0.50) (0.65)

= 0.24375 --> .244