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Statistics Consider a population of 1024 mutual funds that primarily invest in large companies. You have determined that , the mean one-year total percentage return
Statistics
Consider a population of 1024 mutual funds that primarily invest in large companies. You have determined that , the mean one-year total percentage return achieved by all the funds, is 9.70 and that , the standard deviation, is 4.00. Complete (a) through (c). a. According to the empirical rule, what percentage of these funds is expected to be within 2 standard deviations of the mean? % b. According to the Chebyshev rule, what percentage of these funds are expected to be within 8 standard deviations of the mean? % (Round to two decimal places as needed.) c. According to the Chebyshev rule, at least 96% of these funds are expected to have one-year total returns between what two amounts? Between and (Round to two decimal places as needed.) Step by Step Solution
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