Question
You may need to use the appropriate appendix table to answer this question.The average return for large-cap domestic stock funds over the three years 2009-2011
You may need to use the appropriate appendix table to answer this question.The average return for large-cap domestic stock funds over the three years 2009-2011 was 14.4%. Assume the three-year returns were normally distributed across funds with a standard deviation of 4.4%.
(a)What is the probability an individual large-cap domestic stock fund had a three-year return of at least 17%? (Round your answer to four decimal places.) ______
(b)What is the probability an individual large-cap domestic stock fund had a three-year return of 10% or less? (Round your answer to four decimal places.) ______
(c)How big does the return have to be to put a domestic stock fund in the top 15% for the three-year period? (Round your answer to two decimal places.) ______ %
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