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2.10 Claim rejection. A stock brokerage rm claims that it has a success rate of 90% to double the investment of its clients in ten
2.10 Claim rejection. A stock brokerage rm claims that it has a success rate of 90% to double the investment of its clients in ten years. You are considering investment through this rm. You check with four of your friends who have invested through this rm before for more than ten years and found that only one of them had the investment doubled in ten years. Assuming that the investments are independent in performance across your friends, should the claim be rejected
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