In the first quarter of 2017, a group of mutual funds had a mean return of 6.9% and a standard deviation of 2.6%. The returns were well-described by a Normal model. According to the Normal model N(6.9%,2.6%) determine what percentage of this group of funds you would expect to have the following returns.
a) Over 6.8%?
b) Between 0% and 7.6%?
c) More than 1%?
d) Less than 0%?
Get Answers For Free
Most questions answered within 1 hours.