An investment advisor claims that 60 percent of the stocks she recommends beat the market. To back
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An investment advisor claims that 60 percent of the stocks she recommends beat the market. To back up her claim, she recommends n stocks for the coming year. In fact, each of her recommendations has a 50 percent probability of beating the market and a 50 percent probability of doing worse than the market. Assuming independence, is she more likely to have at least a 60 percent success rate if she recommends 10 stocks or 100 stocks?
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Related Book For
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith
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