Question: Stock Mutual Fund Over three years diversified stock mutual funds earned an average return of 1 1 % , with a standard deviation of 5

Stock Mutual Fund
Over three years diversified stock mutual funds earned an average return of 11%, with a standard deviation of 5.5%. Assume that returns were normally distributed across funds with some funds earning substantially more that 11%. Jack randomly chose a fund to invest in.
a. What return would Jack's fund need to earn to be in the top 20% of performers?
Stock Mutual Fund Over three years diversified

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