Data on the 4000 largest mutual funds shows which funds provided a high 5-year return and a high 10-year return. Of the 4000 mutual funds surveyed, 3000 funds had a high 5-year return, 2000 had a high 10-year return, and 1500 had both a high 5-year return and a high 10-year return Given that a mutual fund had a high 5-year return, what is the probability of a mutual fund having a high 10-year return?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Data on the 4000 largest mutual funds shows which funds provided a high 5-year return and a high 10-year return. Of the 4000 mutual
funds surveyed, 3000 funds had a high 5-year return, 2000 had a high 10-year
return, and 1500 had both a high 5-year return and a high 10-year return
Given that a mutual fund had a high 5-year return, what is the
probability of a mutual fund having a high 10-year return?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
