SOLUTION: 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 J
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-> SOLUTION: 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 J
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Question 1145163: 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.
3.*Question* :
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)? Answer by Alan3354(69443) (Show Source):
