Question

Companies that sell mutual funds charge their investors expense fees to offset the costs of research and administration. The distribution of expense fees is normal, with a mean of 2.5% and a standard deviation of 1.0%.
a. Find the probability that a mutual fund has an expense fee of between 2.5% and 3.5%.
b. What is the probability that a mutual fund has expense fees greater than 3%?
c. 90% of mutual funds have expense fees below what percentage?


$1.99
Sales0
Views46
Comments0
  • CreatedJuly 12, 2015
  • Files Included
Post your question
5000