Peter plans to invest $25,000 in a mutual fund whose annual returns are normall distributed with a mean of 6.2% and standard deviation of 3.18%. Use JMP to generate 100 trials (i.e., simulation count) to estimate the return on Peter's investment after one year. What are the mean, maximum and minimum of the invoct ment returns?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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Chapter4: Equations Of Linear Functions
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Peter plans to invest $25,000 in a mutual fund whose annual returns are normally
distributed with a mean of 6.2% and standard deviation of 3.18%. Use JMP to
generate 100 trials (i.e., simulation count) to estimate the return on Peter's
investment after one year. What are the mean, maximum and minimum of the
investment returns?
Transcribed Image Text:Peter plans to invest $25,000 in a mutual fund whose annual returns are normally distributed with a mean of 6.2% and standard deviation of 3.18%. Use JMP to generate 100 trials (i.e., simulation count) to estimate the return on Peter's investment after one year. What are the mean, maximum and minimum of the investment returns?
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