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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 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 19% 7 (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.) Enter a number (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.) X% Tutorial

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 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 19% 7 (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.) Enter a number (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.) X% Tutorial

Calculus For The Life Sciences
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
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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 19% 7 (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.) Enter a number (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.) x % Tutorial
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 19% 7 (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.) Enter a number (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.) x % Tutorial
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