A portfolio manager annually outperforms her benchmark 60% of the time. Assuming independent annual trials, what is the probability that she will outperform her benchmark four or more times over the next five years?
A.0.26
B.0.34
C.0.48
正确答案是B
A portfolio manager annually outperforms her benchmark 60% of the time. Assuming independent annual trials, what is the probability that she will outperform her benchmark four or more times over the next five years?
A.0.26
B.0.34
C.0.48
正确答案是B