The quarterly returns for a group of 63 mutual funds are well modeled by a Normal model with a mean of 6.8% and a standard
The quarterly returns for a group of
63
mutual funds are well modeled by a Normal model with a mean of
6.8%
and a standard deviation of
3.7%.
Use the 68-95-99.7 Rule to find the cutoff values that would separate the following percentages of funds, rather than using technology to find the exact values.
a) the highest
50%
b) the highest
16%
c) the lowest
2.5%
d) the middle
68%
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Part 1
a) Select the correct choice and fill in any answer boxes in your choice below.
(Round to one decimal place as needed.)
A.
enter your response here%xenter your response here%
B.
xenter your response here%
C.
xenter your response here%
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