7. A portfolio manager annually outperforms her benchmark 60 percent of the time. Assuming independent annual trials,

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7. A portfolio manager annually outperforms her benchmark 60 percent of the time.

Assuming independent annual trials, what is the probability that she will outperform her benchmark four or more times over the next five years?

A. 0.26 B. 0.34 C. 0.48

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Quantitative Investment Analysis

ISBN: 9781119743620

4th Edition

Authors: CFA Institute

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Question Posted: Oct 28, 2024 03:00 AM

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7. A portfolio manager annually outperforms her benchmark 60 percent of the time. Assuming independent annual trials,

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Quantitative Investment Analysis

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