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 1145164: 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.
4. *Question*:
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)?
Found 2 solutions by Alan3354, ikleyn:
Answer by Alan3354(69443) About Me  (Show Source):
Answer by ikleyn(52803) About Me  (Show Source):
You can put this solution on YOUR website!
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Read your post attentively to make sure that its different parts are  NOT  RELEVANT  to each other.

Reading your post,  I  CLEARLY  see that you even do not read it and even do not try to understand
what is written there and what you post.

Then what is the sense for the tutors to work for you   ?     ? ?       ? ? ?