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 ...

Normal distribution 25 10 a The probability that a m ...

Companies that sell mutual funds charge their investors expense fees to offset the costs of research and

Question:

Companies that sell charge their investors expense fees to offset the costs of research and administration. The 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 have expense fees below what percentage?
Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the... Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...