Alison Has All Her Money Invested in Two Mutual Funds

question 99

Multiple Choice

Alison has all her money invested in two mutual funds, A and B. She knows that there is a 40% chance that fund A will rise in price, and a 60% chance that fund B will rise in price given that fund A rises in price. What is the probability that both fund A and fund B will rise in price?

• A) 0.24
• B) 0.40
• C) 0.76
• D) 1.00

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