From the mutual funds in Exercise 23 with quarterly returns that are well modeled by a Normal

Question:

From the in Exercise 23 with quarterly returns that are well modeled by a Normal model with a mean of 6.2% and a standard deviation of 1.8%, find the cutoff return value(s) that would separate the
a) Highest 50%.
b) Highest 16%.
c) Lowest 2.5%.
d) Middle 68%.
Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...