The quarterly returns for a group of 76 mutual funds with a mean of 1.7% and a s

Question

The quarterly returns for a group of 76 mutual funds with a mean of 1.7% and a standard deviation of 56% can be modeled by a Normal model. Based on the model N(0.017,0.056), what are the cutoff values for the a) highest 10% of these funds? b) lowest 20%? c) middle 40%? d) highest 80%? a) Select the correct choice and fill in any answer boxes in your choice below. (Round to two decimal places as needed.) O B. b) Select the correct choice and fill in any answer boxes in your choice below. Round to two decimal places as needed.) O c. c) Select the correct choice and fill in any answer boxes in your choice below. Round to two decimal places as needed.) O B. d) Select the correct choice and fill in any answer boxes in your choice below. (Round to two decimal places as needed.) 96

Explanation / Answer

a) Highest 10% of funds = 8.88%

Option A is Correct.

X>8.88%

b) Lowest 20% of dunds = -3.01%

Option B is Correct.

X<-3.01%

c) Option B is Correct

-1.24%<x<4.64%

d) Option B is Correct.

x>-3.01%

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