SOLUTION: Question 2 [10 Marks] Oasis is an asset management company in South Africa. It has found that there is a three-in-five chance that a general equity unit trust fund will perform

Question 1145058: Question 2 [10 Marks]
Oasis is an asset management company in South Africa. It has found that there is a three-in-five chance that a general equity unit trust fund will perform better than the overall JSE share index over any one-year period. If seven general equity unit trust funds are randomly selected from general equity unit trust funds.
2.1) What is the probability that all of these general equity unity trust funds performed better than the overall JSE share index over the past year (Rounded off to three decimals)? [2]
2.2) What is the probability that at most two of these general equity trust funds performed better than the overall JSE share index over the past year (rounded of to three decimal place)? [3.5]
2.3) What is the probability that more than two but less than five performed worse than the overall JSE share index over the past year (rounded off to three decimals)? [3.5]
2.4) For 150 general equity unit trust funds, what is the expected number of general equity unit trust funds that will perform better than the overall JSE share index (rounded off to zero decimals)? [1]
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

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John

My calculator said it, I believe it, that settles it

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