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%

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Definitions:

Roman God

A deity from the pantheon of gods and goddesses worshipped in ancient Rome.

Tables of Ranks

An official hierarchy established in Russia by Peter the Great in 1722, categorizing military, governmental, and court officials into 14 ranks, aiming to create a merit-based society.

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