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 19%? (Round your answer to four decimal places.) (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.) (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.) % PLEASE UPLOAD ANSWER AND PROCEDURE LIKE A PHOTO

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 19%? (Round your answer to four decimal places.) (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.) (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.) % PLEASE UPLOAD ANSWER AND PROCEDURE LIKE A PHOTO

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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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 19%? (Round your answer to four decimal places.)

(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.)

(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.)

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