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An investor puts 65% of his money in a mutual fund and the remainder of his money in treasury bills. The return on the mutual
An investor puts 65% of his money in a mutual fund and the remainder of his money in treasury bills. The return on the mutual fund is normally distributed with a mean of 8% and a standard deviation of 18%. The return on treasury bills is 5%. Find the probability that the investor's return is greater than 12%.
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