Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In the last quarter of 2 0 0 7 , a group of 6 4 mutual funds had a mean return of 5 . 5
In the last quarter of a group of mutual funds had a mean return of with a standard deviation of If a normal model can be used to model them, what percent of the funds would
you expect to be in each region? Use the rule to approximate the probabilities rather than using technology to find the values more precisely. Be sure to draw a picture first.
a Returns of or more
b Returns of or more
c Returns between and
d Returns of more than
a The expected percentage of returns that are or more is
Type an integer or a decimal.
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