(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 22X100%x , the standard deviation is 2.2Enter 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).

Mean=14.4%standard deviation=4.4%As the large-cap stock fund return of 22% becomes 0.22

Answered: (a) What is the probability that the…

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...

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