Question
In the last quarter of 2007, a group of 64 mutual funds had a mean return of 3.1% with a standard deviation of 6.2%. If
In the last quarter of 2007, a group of 64 mutual funds had a mean return of
3.1% with a standard deviation of 6.2%. 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 68-95-99.7 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 9.3% or more | b) Returns of 3.1% or less |
c) Returns between 15.5% and 21.7% | d) Returns of more than 15.5% |
The quarterly returns for a group of 76 mutual funds with a mean of 3.5%
and a standard deviation of 4.5% can be modeled by a Normal model. From these funds, find the cutoff return value(s) that would separate the
b) lowest
30%.
c) middle
80%.
d) highest
70%.
select the correct choice and fill in any answer box for each. round to two decimal places
A. x > --%
B. --% < X < --%
C. X < 00%
Manufacturing and selling drugs that claim to reduce an individual's cholesterol level is big business. A company would like to market their drug to women if their cholesterol is in the top 15%. Assume the cholesterol levels of female adults can be described by a Normal model with a mean of 184 mg/dL and a standard deviation of 26.
c) What percent of adult women do you expect to have cholesterol levels between
150 and 180 mg/dL? Round to two decimal places.
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