Peter has $30,000 to invest in a mutual fund whose annual returns are normally distributed with a mean of 5.75% and standarddeviation of 4.97%.a. Use Excel's Analysis ToolPak, with a seed of 1, to simulate 5,000 trials to estimate the mean balance after one year. (RoundIntermediate calculations to at least 4 decimal places and your final answer to 2 decimal places.)Average balance after one yearb. What is the probability of a balance of $33,000 or more? (Round intermediate calculations to at least 4 decimal places and showyour final answer as a percentage point with 2 decimal places.)Probability of having a bailance of $33,000 or morec. Compared to another investment option at a fixed annual return of 3% per year, what is the probability of getting at least the samebalance from the mutual fund after one year? (Round intermediate calculations to at least 4 decimal places and show your finalanswer as a percentage point with 2 decimal places.)

a) In Excel Click Data-Data Analysis-Random Number generator. Then provide the inputs as shown in…

Answered: Peter has $30,000 to invest in a mutual…

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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