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%. What is the probability an individual large-cap domestic stock fund had a three-year return of at least 17%? (Round your answer to four decimal places.)
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%. What is the probability an individual large-cap domestic stock fund had a three-year return of at least 17%? (Round your answer to four decimal places.)
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 1CYU
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![Question 10
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%.
What is the probability an individual large-cap domestic stock fund had a three-year return of at least 17%?
(Round your answer to four decimal places.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F00030fb4-2bf0-41c7-8151-28e1f2b4f688%2F5a479beb-ec7d-42ee-a696-bbe28ecac52d%2F5gjl00m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 10
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%.
What is the probability an individual large-cap domestic stock fund had a three-year return of at least 17%?
(Round your answer to four decimal places.)
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