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A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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
Transcribed Image Text:Consider a population of 1024 mutual funds that primarily invest in large companies. You have determined that µ, the mean one-year total percentage return achieved by all the funds, is 9.80 and that o, the standard deviation, is
0.50. Complete (a) through (c).
a. According to the empirical rule, what percentage of these funds is expected to be within ±2 standard deviations of the mean?
%
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