Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2. A pension fund company carries out a study of a large group of mutual funds and find that their average return over a period
2. A pension fund company carries out a study of a large group of mutual funds and find that their average return over a period of 5 years was 80% with a standard deviation equal to 30%. If a sample of 50 mutual funds is randomly selected from the group, what is the approximate probability that the sample had an average return greater than 90% over the 5 year period? Z = dec % P = -2 -1 0 1 2 3 Z + O
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started