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Answer:
24% probability that both fund A and fund B will rise in price
Step-by-step explanation:
We have these following probabilities:
40% probability that fund A will rise in price.
If fund B rises in price, 60% probability that fund B does.
What is the probability that both fund A and fund B will rise in price
40% of A, and if A rises, 60% is B. Since the only outcome that interests us is both rising in price, we multiply these probabilities
24% probability that both fund A and fund B will rise in price