A European growth mutual fund specializes in stocks from the British Isles, Continental Europe, and Scandinavia The fund has over 100 stocks Let x be a random variable that represents the monthly percentage return for this fund Based on information from Morningstar x has mean Icirc frac14 1 4 and s...

a The random variable x is itself an average based on ...

A European growth mutual fund specializes in stocks from the British Isles, Continental Europe, and Scandinavia. The

Question:

A European growth mutual fund specializes in from the British Isles, Continental Europe, and Scandinavia. The fund has over 100 Let x be a random variable that represents the monthly percentage return for this fund. Based on information from Morningstar x has mean Î¼ = 1.4% and standard deviation Ïƒ = 0.8%.
(a) Let€™s consider the monthly return of the in the European growth fund to be a sample from the population of monthly returns of all European Is it reasonable to assume that x (the average monthly return on the 100 in the European growth fund) has a that is approximately normal? Explain.

(d) Compare your answers to parts (b) and (c). Did the probability increase as n (number of months) increased? Why would this happen?

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