The quarterly returns for a group of 50 mutual funds with a mean of 3.4% and a standard deviation of 6.2% can be modeled by a Normal model. Based on the model N(0.034,0.062), what are the cutoff values for the
a) highest 10% of these funds?
b) lowest 30%?
c) middle 60%?
d) highest 70%?
and
a)Z-score of 90th percentile is
b)Z-score of 30th percentile is
c)Z-scores of 20th percentile is and 80th percentile is
d)Z-score of 30th percentile is
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