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The annual rate of return on a mutual fund is normally distributed with a mean of 6% and a standard deviation of 3%. What is
The annual rate of return on a mutual fund is normally distributed with a mean of 6% and a standard deviation of 3%. What is the probability that the fund returns more than 7% next year?
a. | approximately 0.09 |
b. | approximately 0.37 |
c. | approximately 0.16 |
d. | not enough information to work the problem |
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