An Imperfect Forecaster Correctly Predicts 57% of All Bull Markets

question 17

Multiple Choice

An imperfect forecaster correctly predicts 57% of all bull markets and 63% of all bear markets.If the imperfect forecaster is able to charge a fee of $75,000,the fee that a perfect forecaster should charge is _________.

• A) $75,000
• B) $150,000
• C) $208,333
• D) $625,000
• E) $375,000