Answer:
Step-by-step explanation:
To find a percentage of a number, convert the percent to a decimal, then multiply the number by it. In this case, 16% = 0.16.
N * 0.16 = 17
N = 106.25
(thanks to Vanessa033 for catching my mistake; I owe you one)
Answer:
he because the Spence or bentualy
Answer:
23%
Step-by-step explanation:
If in any year there is a 12% chance that a mutual fund will outperform the market, that is in a mutually exclusive situation where the previous years performance is not considered. In this situation where trying to calculate the probability of a mutual fund outperforming the market 2 years in a row, the answer will be 23% as according to the calculations done by the financial analyst where the probability is calculated in a situation dependent on the previous years performance.
