Suppose that during each year, a given mutual fund has a 50 percent chance of beating the
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Suppose that during each year, a given mutual fund has a 50 percent chance of beating the Standard & Poor’s 500 Stock Index (S&P Index). In a group of 100 mutual funds, what is the probability that at least 10 funds will beat the S&P Index during at least eight out of 10 years?
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This problem can be solved using the binomial distribution which models the probability of a certain ...View the full answer
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Related Book For
Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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