Question
The quarterly returns for a group of 64 mutual funds with a mean of 2.4% and a standard deviation of 4.8% can be modeled by
The quarterly returns for a group of 64 mutual funds with a mean of 2.4% and a standard deviation of 4.8% can be modeled by a Normal model. Based on the model N(0.024,0.048), what are the cutoff values for the
(Round to two decimal places asneeded.)
a) highest 30% of thesefunds?
b) lowest 10%?
c) middle 20%?
d) highest 90%?
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College Algebra
Authors: Mark Dugopolski
5th Edition
0321899822, 9780321899828
