Problem regarding the winning strategy

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Reference no: EM131008744

A winning investment strategy? One student in the class of Exercise 19 claims to have found a winning strategy. He watches a cable news show about investing and during the show throws his darts at the pages of the Journal. He claims that of 200 stocks picked in this manner, 58% were winners.

a) What do you think of his claim? Explain.

b) If there are 100 students in the class, are you surprised that one was this successful? Explain.

Reference no: EM131008744

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