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In the last quarter of 2007, a group of 64 mutual funds had a mean return of 2.4% with a standard deviation of 5.6%. If

In the last quarter of 2007, a group of 64 mutual funds had a mean return of

2.4%

with a standard deviation of

5.6%.

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

3.2%

or less

b) Returns of

2.4%

or more

c) Returns between

14.4%

and

19.2%

d) Returns of

less

than

8.8%

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