Question: You may need to use the appropriateappendix tableto answer this question. The average return for large-cap domestic stock funds over three years was 14.4%. Assume

You may need to use the appropriateappendix tableto answer this question.

The average return for large-cap domestic stock funds over three years was 14.4%. Assume thethree-yearreturns were normally distributed across funds with a standard deviation of 4.4%.

(a)

What is the probability an individual large-cap domestic stock fund had a three-year return of at least23%? (Round your answer to four decimal places.)

(b)

What is the probability an individual large-cap domestic stock fund had a three-year return of 10% or less? (Round your answer to four decimal places.)

(c)

How big does the return have to be to put a domestic stock fund in the top10% for the three-year period? (Round your answer to two decimal places.)

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