In: Statistics and Probability
The quarterly returns for a group of 58 mutual funds with a mean of 3.4% and a standard deviation of 4.3% can be modeled by a Normal model. From these funds, find the cutoff return value(s) that would separate the
a) highest 30%.
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.)
A. nothing%less thanxless than nothing%
B. xgreater than nothing%
C. xless than nothing%
b) Select the correct choice and fill in any answer boxes in your choice below. (Round to two decimal places as needed.)
A. xless than nothing%
B. xgreater than nothing%
C. nothing%less thanxless than nothing%
c) Select the correct choice and fill in any answer boxes in your choice below. (Round to two decimal places as needed.)
A. xgreater than nothing%
B. nothing%less thanxless than nothing%
C. xless than nothing%
d) Select the correct choice and fill in any answer boxes in your choice below. (Round to two decimal places as needed.)
A. nothing%less thanxless than nothing%
B. xgreater than nothing%
C. xless than nothing%