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In the last quarter of2007, a group of 64 mutual funds had a mean return of 1.2% with a standard deviation of 5.8%. Consider the

In the last quarter of2007, a group of 64 mutual funds had a mean return of 1.2% with a standard deviation of 5.8%. Consider the Normal model N(0.012,0.058) for the returns of these mutual funds.

a) What value represents the 40th percentile of thesereturns?

b) What value represents the 99thpercentile?

c) What's theIQR, or interquartilerange, of the quarterly returns for this group offunds?

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