# Question: A financial analyst has determined that there is a 22

A financial analyst has determined that there is a 22% probability that a mutual fund will outperform the market over a 1-year period provided that it outperformed the market the previous year. If only 15% 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?

## Relevant Questions

An investor believes that on a day when the Dow Jones Industrial Average (DJIA) increases, the probability that the NASDAQ also increases is 77%. If the investor believes that there is a 60% probability that the DJIA will ...The following table lists the joint probabilities of achieving grades of A and not achieving A’s in two MBA courses.a. What is the probability that a student achieves a grade of A in marketing?b. What is the probability ...The sample space of the toss of a fair die is S = {1, 2, 3, 4, 5, 6}If the die is balanced each simple event has the same probability. Find the probability of the following events.a. An even numberb. A number less than or ...The issue of health care coverage in the United States is becoming a critical issue in American politics. A large-scale study was undertaken to determine who is and is not covered. From this study, the following table of ...Given the following probabilities, draw a probability tree to compute the joint probabilities.P(A) = .8P(B0A ) = .3 P(AC) = .2P(B0AC) = .3Post your question