A financial analyst has determined that there is a 22%
A financial analyst has determined that there is a 22% probability that a mutual fund will outperform the market over a 1-year period provided that it outperformed the market the previous year. If only 15% 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?

Leave a Reply
Want to join the discussion?Feel free to contribute!