Lets do something boring just to drive home a point: Count up the number of years in the accompanying figure in which more than half of the mutual funds managed to beat the S&P 500 index. (Recall that the Standard and Poors 500 is just a list of 500 large U.S. corporationsits a list that overlaps a lot with the Fortune 500.) What percentage of the time did the experts actually beat the S&P 500?

Please find the percentage of the time the experts actually beat the S&P 500.