Question

In the first quarter of​ 2017, a group of mutual funds had a mean return of...

In the first quarter of​ 2017, a group of mutual funds had a mean return of

6.76.7​%

and a standard deviation of

2.72.7​%.

The returns were​ well-described by a Normal model. According to the Normal model

​N(6.76.7​%,2.72.7​%)

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%?

​a) The expected percentage of returns that are over​ 6.8% is

nothing​%.

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