In the first quarter of 2017, a group of mutual funds had a mean return of 5.9% and a standard deviation of 1.9%. The returns were well-described by a Normal model. According to the Normal model N(5.9%, 1.9%) determine what percentage of this group of funds you would expect to have the following returns. a) Over 6.8%? c) More than 1%? b) Between 0% and 7.6%? d) Less than 0%? a) The expected percentage of returns that are over 6.8% is 31.9 %. (Type an integer or a decimal rounded to one decimal place as needed.) b) The expected percentage of returns that are between 0% and 7.6% is %. (Type an integer or a decimal rounded to one decimal place as needed.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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In the first quarter of 2017, a group of mutual funds had a mean return of 5.9% and a standard deviation of 1.9%. The
returns were well-described by a Normal model. According to the Normal model N(5.9%,1.9%) determine what
percentage of this group of funds you would expect to have the following returns.
a) Over 6.8%?
c) More than 1%?
b) Between 0% and 7.6%?
d) Less than 0%?
a) The expected percentage of returns that are over 6.8% is 31.9 %.
(Type an integer or a decimal rounded to one decimal place as needed.)
b) The expected percentage of returns that are between 0% and 7.6% is
(Type an integer or a decimal rounded to one decimal place as needed.)
%.
Transcribed Image Text:In the first quarter of 2017, a group of mutual funds had a mean return of 5.9% and a standard deviation of 1.9%. The returns were well-described by a Normal model. According to the Normal model N(5.9%,1.9%) determine what percentage of this group of funds you would expect to have the following returns. a) Over 6.8%? c) More than 1%? b) Between 0% and 7.6%? d) Less than 0%? a) The expected percentage of returns that are over 6.8% is 31.9 %. (Type an integer or a decimal rounded to one decimal place as needed.) b) The expected percentage of returns that are between 0% and 7.6% is (Type an integer or a decimal rounded to one decimal place as needed.) %.
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