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7. (3.34) Consider a population of 1,024 mutual funds that primarily invest in large companies. You have determined that m, the mean one-year total percentage

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7. (3.34) Consider a population of 1,024 mutual funds that primarily invest in large companies. You have determined that m, the mean one-year total percentage retur achieved by all the funds, is 8.20 and that s, the standard deviation, is 2.75. a. According to the empirical rule, what percentage of these funds is expected to within 1 standard deviation of the mean? b. According to the Chebyshev rule, at least 93.75% of these funds are expected to have one-year total returns between what two amounts

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