For mutual funds with Normally distributed returns with a mean of 6.2% and a standard deviation of

Question:

For mutual funds with Normally distributed returns with a mean of 6.2% and a standard deviation of 1.8%, what are the cutoff values for the

a) Highest 10% of these funds?

b) Lowest 20%?

c) Middle 40%?

d) Highest 80%?

Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...

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