The quarterly returns for a group of 72 mutual funds with a mean of 2.6% and a standard deviationof 5.3% can be modeled by a Normal model. Based on the model N(0.026,0.053), what are thecutoff values for thea) highest 30% of these funds?b) lowest 40%?c) middle 60%?d) highest 60%?

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Answered: The quarterly returns for a group of 72…

MATLAB: An Introduction with Applications

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ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

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The quarterly returns for a group of 72 mutual funds with a mean of 2.6% and a standard deviation of 5.3% can be modeled by a Normal model. Based on the model N(0.026,0.053), what are the cutoff values for the a) highest 30% of these funds? b) lowest 40%? c) middle 60%? d) highest 60%?