In: Statistics and Probability
The quarterly returns for a group of 74 mutual funds with a mean of 1.1% and a standard deviation of 4.9% can be modeled by a Normal model. Based on the model N(0.011,0.049), what are the cutoff values for the a) highest 20% of these funds? b) lowest 40%? c) middle 80%? d) highest 60%?