Previous Problem List Next 3 points) A financial analyst has determined that the

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Previous Problem List Next 3 points) A financial analyst has determined that there is a 21% probability that a mutual fund will outperform the market over a 1-year period provided that it outperforms the market the previous year. If only 13% 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? Probability Preview My Answers Submit Answers You have attempted this problem 2 times. Our overall recorded score is 0%. You have unlimited attempts remaining. Email instructor

Explanation / Answer

Solution:

Just multiplying both probabiltiy

P(Outperform two in row) = 0.21*0.13

= 0.027

So, answer is 0.027

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