Answer:
23%
Step-by-step explanation:
If in any year there is a 12% chance that a mutual fund will outperform the market, that is in a mutually exclusive situation where the previous years performance is not considered. In this situation where trying to calculate the probability of a mutual fund outperforming the market 2 years in a row, the answer will be 23% as according to the calculations done by the financial analyst where the probability is calculated in a situation dependent on the previous years performance.
Answer:
$8.34
Step-by-step explanation:
Simply divide $25.02 by three, since three people are splitting the cost.
I think it's x^4.
(Honestly, I feel 90% positive of this answer, so maybe just get one more opinion!)
