# Question: The annual rate of return on a mutual fund is

The annual rate of return on a mutual fund is normally distributed with a mean of 14% and a standard deviation of 18%.

a. What is the probability that the fund returns more than 25% next year?

b. What is the probability that the fund loses money next year?

a. What is the probability that the fund returns more than 25% next year?

b. What is the probability that the fund loses money next year?

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