(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.) 10000
(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.) 10000
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.CR: Chapter 13 Review
Problem 61CR
Related questions
Question
a-11
![You may need to use the appropriate appendix table to answer this 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 1957 (Round your answer to four decimal places)
0.1480
(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)
16
(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.)
10000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F11d31b63-e97e-40b8-a870-529acdbea0e2%2F29651e8f-181b-4a72-8753-20ef1845a63b%2Fsq0m3cc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You may need to use the appropriate appendix table to answer this 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 1957 (Round your answer to four decimal places)
0.1480
(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)
16
(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.)
10000
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