Mutual fund returns. In the first quarter of 2017, a group of domestic equity mutual funds had

Question:

Mutual fund returns. In the first quarter of 2017, a group of domestic equity mutual funds had a mean return of 6.2%

with a standard deviation of 1.8%. If a Normal model can be used to model them, what percent of the funds would you expect to be in each region?

Be sure to draw a picture first.

a) Returns of 8.0% or more

b) Returns of 6.2% or less

c) Returns between 2.6% and 9.8%

d) Returns of more than 11.6%

Step by Step Answer:

Related Book For  book-img-for-question

Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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