During one year, a particular mutual fund outperformed the S&P 500 index 32 out of 52 weeks. Find the probabilitythat it would perform as well or better again.The probability is(Round to four decimal places as needed.)

We have given that Number of trials (n) = 52 Probability of outcomes (p) = 0.5 (As the mutual fund…

Answered: During one year, a particular mutual…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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During one year, a particular mutual fund outperformed the S&P 500 index 32 out of 52 weeks. Find the probability that it would perform as well or better again. The probability is (Round to four decimal places as needed.)