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(c) How big does the return have to be to put a domestic stock fund in the top 25% for the three-year period? (Round your answer to two decimal places.) 10000

(c) How big does the return have to be to put a domestic stock fund in the top 25% for the three-year period? (Round your answer to two decimal places.) 10000

A First Course in Probability (10th Edition)
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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You may need to use the appropriate appendix table to answer this question. The average return for large-cap domestic stock funds over three years was 14.4%, Assume the three-year returns were normally distributed across funds with a standard deviation of 4.4% (a) What is the probability an individual large-cap domestic stock fund had a three-year return of at least 1957 (Round your answer to four decimal places) 0.1480 (b) What is the probability an individual large-cap domestic stock fund had a three-year return of 10% or less? (Round your answer to four decimal places) 16 (c) How big does the return have to be to put a domestic stock fund in the top 25% for the three-year period? (Round your answer to two decimal places.) 10000
Transcribed Image Text:You may need to use the appropriate appendix table to answer this question. The average return for large-cap domestic stock funds over three years was 14.4%, Assume the three-year returns were normally distributed across funds with a standard deviation of 4.4% (a) What is the probability an individual large-cap domestic stock fund had a three-year return of at least 1957 (Round your answer to four decimal places) 0.1480 (b) What is the probability an individual large-cap domestic stock fund had a three-year return of 10% or less? (Round your answer to four decimal places) 16 (c) How big does the return have to be to put a domestic stock fund in the top 25% for the three-year period? (Round your answer to two decimal places.) 10000
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