2. You are considering buying into a mutual fund that has earned a normally distributed return on investment over the years. a mean annual return of 9% (.09) with a standard deviation of 5% (.05). What are the chances your investment will lose money? It has

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 4GP
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2. You are considering buying into a mutual fund that has earned a
normally distributed return on investment over the years. It has
a mean annual return of 9% (.09) with a standard deviation of 5%
(.05). What are the chances your investment will lose money?
Transcribed Image Text:2. You are considering buying into a mutual fund that has earned a normally distributed return on investment over the years. It has a mean annual return of 9% (.09) with a standard deviation of 5% (.05). What are the chances your investment will lose money?
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