Assume the returns are independent what is the probability, Accounting Basics

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Assume the returns are independent what is the probability

You are invested in two hedge funds. The probability that hedge fund Alpha generates positive returns in any given year is 60%. The probability that hedge fund Omega generates positive returns in any given year is 70%. Assume the returns are independent. What is the probability that both funds generate positive returns in a given year? What is the probability that both funds lose money?

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Accounting Basics: Assume the returns are independent what is the probability

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Accounting Basics: Assume the returns are independent what is the probability

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