Peter plans to invest $25,000 in a mutual fund whose annual returns are normally distributed with a
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Peter plans to invest $25,000 in a mutual fund whose annual returns are normally distributed with a mean of 7.4% and standard deviation of 2.65%. Use Analysis ToolPak or R, both with a seed of 1, to generate 100 trials to estimate the return on Peter’s investment after one year. What are the mean and the range of the investment returns?
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Using Excel The average return on investment after one year 18320100 Standard devia...View the full answer
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