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In the first quarter of2017, a group of mutual funds had a mean return of 5.6% and a standard deviation of 2.9%. The returns werewell-described
In the first quarter of2017, a group of mutual funds had a mean return of 5.6% and a standard deviation of 2.9%. The returns werewell-described by a Normal model. According to the Normal model N(5.6%,2.9%) determine what percentage of this group of funds you would expect to have the following returns.
a) Over6.8%?
b) Between0% and7.6%?
c) More than1%?
d) Less than0%?
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