Mathematics, 14.11.2021 22:20 maya7544
A financial analyst has determined that there is a 27% probability that a mutual fund will outperform the market over a 1.year period provided that it outperforms the
market the previous year. If only 12% of mutual funds outperform the market during any year, what is the probability that a mutual fund will outperform the market 2
years in a row?
Answers: 3
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