Question

n the last quarter of​ 2007, a group of 64 mutual funds had a mean return...

n the last quarter of​ 2007, a group of 64 mutual funds had a mean return of

1.01.0​%

with a standard deviation of

5.15.1​%.

Consider the Normal model

​N(0.010.01​,0.0510.051​)

for the returns of these mutual funds.

​a) What value represents the 40th percentile of these​ returns?

​b) What value represents the 99th​ percentile?

​c) What's the​ IQR, or interquartile​ range, of the quarterly returns for this group of​ funds?

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