The annual rate of return on a mutual fund is normally distributed with a mean of 14%
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?
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Related Book For
Statistics For Management And Economics Abbreviated
ISBN: 9781285869643
10th Edition
Authors: Gerald Keller
Question Posted:
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