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What is the probability of a mutual fund

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Data on the 5000 largest mutual funds shows which funds provided a high 5-year return and a high 10-year return. Of the 5000 mutual funds surveyed, 4000 funds had a high 5-year return, 1800 had a high 10-year return, and 1200 had both a high 5-year return and a high 10-year return.

(a) What is the probability of a mutual fund having a high 5-year return or a high 10-year return?

Reference no: EM131533408

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