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Peter plans to invest $25,000 in a mutual fund whose annual returns are normally distributed with a mean of 7.4% and standard deviation of 2.65%. Use Excel's Analysis ToolPak, with a seed of 1, to generate 100 trials to estimate the return on Peter's investment after one year. What are the mean and the range of the investment returns? (Negative amounts should be indicated by a minus sign. Round intermediate calculations to at least 4 decimal places and your final answers to 2 decimal places.) Average return on investment after one year Maximum Minimum

Peter plans to invest $25,000 in a mutual fund whose annual returns are normally distributed with a mean of 7.4% and standard deviation of 2.65%. Use Excel's Analysis ToolPak, with a seed of 1, to generate 100 trials to estimate the return on Peter's investment after one year. What are the mean and the range of the investment returns? (Negative amounts should be indicated by a minus sign. Round intermediate calculations to at least 4 decimal places and your final answers to 2 decimal places.) Average return on investment after one year Maximum Minimum

MATLAB: An Introduction with Applications
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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Peter plans to invest $25,000 in a mutual fund whose annual returns are normally distributed with a mean of 7.4% and standard deviation of 2.65%. Use Excel's Analysis ToolPak, with a seed of 1, to generate 100 trials to estimate the return on Peter's investment after one year. What are the mean and the range of the investment returns? (Negative amounts should be indicated by a minus sign. Round intermediate calculations to at least 4 decimal places and your final answers to 2 decimal places.) Average return on investment after one year Maximum Minimum
Transcribed Image Text:Peter plans to invest $25,000 in a mutual fund whose annual returns are normally distributed with a mean of 7.4% and standard deviation of 2.65%. Use Excel's Analysis ToolPak, with a seed of 1, to generate 100 trials to estimate the return on Peter's investment after one year. What are the mean and the range of the investment returns? (Negative amounts should be indicated by a minus sign. Round intermediate calculations to at least 4 decimal places and your final answers to 2 decimal places.) Average return on investment after one year Maximum Minimum
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