easy · GMAT Quant
An algorithmic trading firm uses two strategies for trade execution: Strategy A, which executes 25% of all trades, and Strategy B, which executes 75% of all trades. Strategy A has a 'successful execution' rate of 4%, while Strategy B has a 'successful execution' rate of 12%.
If a trade is randomly audited, what is the probability that it was successfully executed?
- 8.0%
- 10.0%
- 1.0%
- 9.0%
- 16.0%
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