Question

The quarterly returns for a group of 52 mutual funds with a mean of 1.4% and a standard deviation of 5.7% can be modeled by a normal model. Based on the model N (0.014, 0.057), what are the cutoff values for the Highest 20% of these funds?

Lowest 40%
Middle 80%
Highest 60%

Hint: Use the Tables of Standard Normal Probabilities for Positive and Negative Z-Scores

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Applied Statistics Question

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