Assume that a fund manager has no idea of what he/she is doing and is essentially flipping a coin in order to make decisions. Let’s say it’s a 50/50 proposition that he/she will have a “good” year. What is the probability that the fund manager will have 6 or more good years out of 10 years?
Assume that a fund manager has no idea of what he/she is doing and is essentially flipping a coin in order to make decisions. Let’s say it’s a 50/50 proposition that he/she will have a “good” year. What is the probability that the fund manager will have 6 or more good years out of 10 years?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 7ECP: You draw one card at random from a standard deck of 52 playing cards. What is the probability that...
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Assume that a fund manager has no idea of what he/she is doing and is essentially flipping a coin in order to make decisions. Let’s say it’s a 50/50 proposition that he/she will have a “good” year. What is the
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