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. There is also a 20% chance that fund B will rise in price. What is the probability that neither fund will rise in price?
A) 0.24
B) 0.36
C) 0.40
D) 0.64
Correct Answer:
Verified
Correct Answer:
Verified
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