The quarterly returns for a group of 69 mutual funds with a mean of 3.2% and a standard deviation of 5.1% can be modeled by a Normal model. Based on the model N(0.032,0.051), what are the cutoff values for t a) highest 10% of these funds? b) lowest 40%? c) middle 60%? d) highest 60%?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 13PPS
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Please answer question a, b, c and d.

The quarterly returns for a group of 69 mutual funds with a mean of 3.2% and a standard deviation of 5.1% can be modeled by a Normal model. Based on the model N(0.032,0.051), what are the cutoff values for the
a) highest 10% of these funds?
b) lowest 40%?
c) middle 60%?
d) highest 60%?
a) Select the correct choice and fill in any answer boxes in your choice below.
(Round to two decimal places as needed.)
O A. X>
%
O B. X<
%
О с.
% <x<
%
Transcribed Image Text:The quarterly returns for a group of 69 mutual funds with a mean of 3.2% and a standard deviation of 5.1% can be modeled by a Normal model. Based on the model N(0.032,0.051), what are the cutoff values for the a) highest 10% of these funds? b) lowest 40%? c) middle 60%? d) highest 60%? a) Select the correct choice and fill in any answer boxes in your choice below. (Round to two decimal places as needed.) O A. X> % O B. X< % О с. % <x< %
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