One Hundred Fund Managers Enter a Contest to See How

question 79

Multiple Choice

One hundred fund managers enter a contest to see how many times in thirteen years they can earn a higher return than their competitors.The probability distribution of the number of successful years out of thirteen for the best performing money managers is Out of this sample,chance alone would indicate that there is a ______ probability that someone would beat the market at least 11 times out of 13 years.

• A) 51.3%
• B) 65.9%
• C) 67.1%
• D) 10.83%

Understand the psychological responses to change, including stages of denial, shock, and acceptance.

Understand the kaizen concept and its impact on business productivity.

Recognize the role of Organizational Development (OD) in empowerment and problem-solving.

Identify the stages and processes involved in dealing with personal loss.

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Definitions:

Control Limits

Statistical boundaries in a control chart that determine the acceptability range for a process variability, outside of which signals a process is out of control.

P Chart

A type of control chart used for monitoring the proportion of defective items in a process over time, helping in the identification of out-of-control processes.

Lower Control Limit

The threshold in quality control charts below which a process is considered out of control and indicating a potential problem.

Mean Sample Proportion

Indicates the average proportion of a characteristic within a sample, calculated as the sum of individual attributes divided by the sample size.