From the mutual funds in Exercise 23 with quarterly returns
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%.
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