Bundle: Essentials Of Statistics For Business And Economics, Loose-leaf Version, 8th + Lms Integrated For Mindtap Business Statistics, 1 Term (6 Months) Printed Access Card
8th Edition
ISBN: 9781337589161
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Chapter 6.2, Problem 18E
The average return for large-cap domestic stock funds over the three years 2009–2011 was 14.4% (AAII Journal, February, 2012). 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 20%? - b. What is the probability an individual large-cap domestic stock fund had a three-year return of 10% or less?
- c. How big does the return have to be to put a domestic stock fund in the top 10% for the three-year period?
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Chapter 6 Solutions
Bundle: Essentials Of Statistics For Business And Economics, Loose-leaf Version, 8th + Lms Integrated For Mindtap Business Statistics, 1 Term (6 Months) Printed Access Card
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