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The quarterly returns for a group of 79 79 mutual funds with a mean of 1.3 1.3 % and a standard deviation of 4.2 4.2
The quarterly returns for a group of 79
79 mutual funds with a mean of 1.3
1.3% and a standard deviation of 4.2
4.2% can be modeled by a Normal model. Based on the model N(0.013
0.013,0.042
0.042), what are the cutoff values for the
a) highest 30
30% of thesefunds?
b) lowest 10
10%?
c) highest 90
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