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You are given the following information: - Fund managers rarely are skilled traders: the probability of this is 10%. - It is common that fund
You are given the following information: - Fund managers rarely are skilled traders: the probability of this is 10%. - It is common that fund managers make a profit on their trades: the probability of this is 50%. It is very common that a fund manager who is a skilled trader makes a profit on his trades: the probability of this is 99%. If we observe that a fund manager makes a profit on his trades, what is the probability that he is skilled? Select one: O a. 0.198 O b. None of the other options is correct. O c.0.200 d. 0.990
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