Tiger Funds Ltd. operates a number of mutual funds in high technology and in financial sectors. Hussein

Question:

Tiger Funds Ltd. operates a number of in high technology and in financial sectors. Hussein Roberts is a fund manager who runs a major fund that includes a wide variety of technology As fund manager he decides which should be purchased for the mutual fund. The compensation plan for fund managers includes a first-year bonus for each stock purchased by the manager that gains more than 10% in the first six months it is held. Of those that the company holds, 40% are up in value after being held for two years. In reviewing the performance of Mr. Roberts, they found that he received a first-year bonus for 60% of the that he purchased that were up after two years. He also received a first-year bonus for 40% of the he purchased that were not up after two years.
What is the probability that a stock will be up after two years given that Mr. Roberts received a first-year bonus?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing... Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...