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Answer to Question #76183 in Statistics and Probability for Esther YIP
Question #76183
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?
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