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Returns across Ivy League endowments overthe last year are assumed to benormally distributed with a mean and standard deviationof: = 8% = 14% Harvard,whichboastsanendowmentofover$37Billion,wasnearthebottomwithan3%return. Whatistheprobabilityoffindingareturnlessthan3%?

  1. Returns across Ivy League endowments overthe last year are assumed to benormally distributed with a mean and standard deviationof:

= 8%

= 14%

  1. Harvard,whichboastsanendowmentofover$37Billion,wasnearthebottomwithan3%return. Whatistheprobabilityoffindingareturnlessthan3%?
  2. Brown University received a return of 16% overthe last year. What is the probability of receiving a return above16%?
  3. Whatistheprobabilityoffindingaschoolwithareturnwithin twostandard deviations fromthemean?
  4. Whatreturnonanendowmentwouldputaschoolinthetop25%ofreturns?

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