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Julian Picks Winning and Losing Stocks by Tossing a Coin

Question 64

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 80% of the stocks on the list?


A) .0201
B) .0059
C) .1201
D) .0952
E) .1028

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