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The quarterly returns for a group of 61 mutual funds with a mean of 3.5% and a standard deviation of 5.1% can be modeled by
The quarterly returns for a group of 61 mutual funds with a mean of 3.5% and a standard deviation of 5.1% can be modeled by a Normal model. Based on the model N(0.035,0.051), what are the cutoff values for the
a) highest 30% of thesefunds?
b) lowest 40%?
c) middle 80%?
d) highest 60%?
Please answer all parts of the questions, thanks!
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