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  3. 1. the average return for large-cap domestic stock

1. The average return for large-cap domestic stock funds over the three years 2011-2014 was...

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Accounting

1. The average return for large-cap domestic stock funds over the three years 2011-2014 was 18%. Assume the 3-year returns were normally distributed across Large-Cap domestic stock funds with a standard deviation of 6%.
a) What is the probability an individual large-cap domestic stock fund had a three-year return of at least 22%?
b) How big the return must be for an individual large-cap stock fund to outperform 90% of the rest funds?

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