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Use the following joint probability table below to answer 5 (five) questions: (2x5 =10) Mutual fund outperforms the market Mutual fund does NOT outperform the

Use the following joint probability table below to answer 5 (five) questions: (2x5 =10) Mutual fund outperforms the market Mutual fund does NOT outperform the market Manager graduated from top MBA school. 0.20 0.25 Page 6 of 9 HA1011 APPLIED QUANTITATIVE METHODS GROUP ASSIGNMENT Manager did NOT graduate from top MBA school. 0.15 0.40 (a) P (Manager graduated from top MBA school) (b) P (Mutual Fund Outperforms the Market) (c) P (Manager graduated from top MBA school OR Mutual Fund Outperforms the Market) (d) P (Manager did NOT graduate from top MBA school AND Mutual Fund does NOT Outperforms the Market) (e) P (Mutual Fund Outperforms the Market|Manager did NOT graduate from top MBA school)

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