The quarterly returns for a group of 66 mutual funds with a mean of 3.1% and a standard deviation of 4.9% can be modeled by a Normal model. Based on the modelN(0.031,0.049), what are the cutoff values for thea) highest 30% of these funds?b) lowest 10%7c) middle 20%?d) highest 90%?

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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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The quarterly returns for a group of 66 mutual funds with a mean of 3.1% and a standard deviation of 4.9% can be modeled by a Normal model Based on the model N(0.031,0.049), what are the cutoff values for the a) highest 30% of these funds? b) lowest 10%? c) middle 20%? di hinbe