Peter plans to invest $25,000 in a mutual fund whose annual returns are normall distributed with a mean of 6.2% and standard deviation of 3.18%. Use JMP to generate 100 trials (i.e., simulation count) to estimate the return on Peter's investment after one year. What are the mean, maximum and minimum of the invoct ment returns?
Peter plans to invest $25,000 in a mutual fund whose annual returns are normall distributed with a mean of 6.2% and standard deviation of 3.18%. Use JMP to generate 100 trials (i.e., simulation count) to estimate the return on Peter's investment after one year. What are the mean, maximum and minimum of the invoct ment returns?
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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