# Question

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?

## Answer to relevant Questions

In Exercise 7.64, we discovered that the expected return is .1060 and the standard deviation is .1456. Working with the assumption that returns are normally distributed, determine the probability of the following events.a. ...When trucks arrive at the Ambassador Bridge, each truck must be checked by customs agents. The times are exponentially distributed with a service rate of 10 per hour. What is the probability that a truck requires more than ...Use the t table (Table 4) to find the following values of t.a. t.005, 33b. t.10, 600c. t.05, 4d. t.01, 20Use a computer to find the following values of χ2.a. χ2.99, 55b. χ2.05, 800c. χ2.99, 43d. χ2.10, 233The random variable X is exponentially distributed with λ = 3. Sketch the graph of the distribution of X by plotting and connecting the points representing f(x) for x = 0, .5, 1, 1.5, and 2.Post your question

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