Mathematics, 16.09.2019 22:20 zach6024

Afinancial analyst has determined that there is a 23 % 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 12 % 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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