Consider the Normal model N(0.062, 0.018) for returns of mutual funds in Exercise 23 one last time.

Question:

Consider the Normal model N(0.062, 0.018) for returns of in Exercise 23 one last time.
a) What value represents the 40th percentile of these returns?
b) What value represents the 99th percentile?
c) What’s the IQR of the quarterly returns for this group of funds?
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...