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?

Answer rating: 100% (QA)

Step 1 of 3 A Is the investor more likely to get a 60 percent success rate if she recommends 10 stoc... View the full answer