(a) What is the probability that the large-cap stock fund has a return of at least 22%? It is given that the average return for a large-cap domestic stock fund is 14.4% with a standard deviation of 4.4%. Of concern is the probability that the return is at least 22%. Before proceeding, it is best practice to convert the given percentages to decimal values by dividing each by 100%. As decimal values, the large-cap stock fund return of 22% becomes 0.22, the mean is 22 the standard deviation is 2.2 Enter a number Let x represent the return on an individual large-cap domestic stock fund. The probability that this is at least 22% results in the probability statement P(x2✔ 0.22).
(a) What is the probability that the large-cap stock fund has a return of at least 22%? It is given that the average return for a large-cap domestic stock fund is 14.4% with a standard deviation of 4.4%. Of concern is the probability that the return is at least 22%. Before proceeding, it is best practice to convert the given percentages to decimal values by dividing each by 100%. As decimal values, the large-cap stock fund return of 22% becomes 0.22, the mean is 22 the standard deviation is 2.2 Enter a number Let x represent the return on an individual large-cap domestic stock fund. The probability that this is at least 22% results in the probability statement P(x2✔ 0.22).
Transcribed Image Text:(a) What is the probability that the large-cap stock fund has a return of at least 22%?
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It is given that the average return for a large-cap domestic stock fund is 14.4% with a standard deviation of 4.4%. Of concern is the probability that the return is at least 22%. Before proceeding, it is best practice to convert the given percentages to decimal values by dividing each by 100%. As decimal values, the large-cap stock fund return of 22%
22%
becomes
= 0.22, the mean is 22
X
100%
x , the standard deviation is 2.2
Enter a number.
Let x represent the return on an individual large-cap domestic stock fund. The probability that this is at least 22% results in the probability statement
:P(x
✓ ✓
0.22).
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