# Question

From the mutual funds in Exercise 23 with quarterly returns that are well modeled by a Normal model with a mean of 6.2% and a standard deviation of 1.8%, find the cutoff return value(s) that would separate the

a) Highest 50%.

b) Highest 16%.

c) Lowest 2.5%.

d) Middle 68%.

a) Highest 50%.

b) Highest 16%.

c) Lowest 2.5%.

d) Middle 68%.

## Answer to relevant Questions

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