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Julian Picks Winning and Losing Stocks by Tossing a Coin

Question 67

Multiple Choice

Julian picks winning and losing stocks by tossing a coin (heads means winner, tails means loser) .To test his 'system', his friend gives him a list of 20 stocks, half of which doubled in value over the past 3 years (winners) and half of which lost half their value over the past 3 years (losers) .How likely is it that Julian properly classifies at least 60% of the stocks on the list?


A) .2202
B) .1786
C) .1365
D) .1973
E) .2517

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