(a) What is the probability that the large-cap stock fund has a return of at least 22%? It is given that the average return for a large-cap domestic stock fund is 14.4% with a standard deviation of 4.4%. Of concern is the probability that the return is at least 22%. Before proceeding, it is best practice to convert the given percentages to decimal values by dividing each by 100%. As decimal values, the large-cap stock fund return of 22% becomes 0.22, the mean is 22 the standard deviation is 2.2 Enter a number Let x represent the return on an individual large-cap domestic stock fund. The probability that this is at least 22% results in the probability statement P(x2✔ 0.22).
(a) What is the probability that the large-cap stock fund has a return of at least 22%? It is given that the average return for a large-cap domestic stock fund is 14.4% with a standard deviation of 4.4%. Of concern is the probability that the return is at least 22%. Before proceeding, it is best practice to convert the given percentages to decimal values by dividing each by 100%. As decimal values, the large-cap stock fund return of 22% becomes 0.22, the mean is 22 the standard deviation is 2.2 Enter a number Let x represent the return on an individual large-cap domestic stock fund. The probability that this is at least 22% results in the probability statement P(x2✔ 0.22).
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
Related questions
Question
Transcribed Image Text:(a) What is the probability that the large-cap stock fund has a return of at least 22%?
…………………………………………………………………..
It is given that the average return for a large-cap domestic stock fund is 14.4% with a standard deviation of 4.4%. Of concern is the probability that the return is at least 22%. Before proceeding, it is best practice to convert the given percentages to decimal values by dividing each by 100%. As decimal values, the large-cap stock fund return of 22%
22%
becomes
= 0.22, the mean is 22
X
100%
x , the standard deviation is 2.2
Enter a number.
Let x represent the return on an individual large-cap domestic stock fund. The probability that this is at least 22% results in the probability statement
:P(x
✓ ✓
0.22).
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 9 images
Recommended textbooks for you
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON