Consider a population of 10241024 mutual funds that primarily invest in large companies. You have determined...

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Consider a population of 10241024 mutual funds that primarilyinvest in large companies. You have determined that muÎ¼â€‹, the meanâ€‹one-year total percentage return achieved by all theâ€‹ funds, is8.408.40 and that sigmaÏƒâ€‹,the standardâ€‹ deviation, is 3.503.50.Completeâ€‹ (a) throughâ€‹ (c). a. According to the empiricalâ€‹ rule,what percentage of these funds is expected to be within â€‹Â±33standard deviations ,deviations of theâ€‹ mean? 99.799.7â€‹% b.According to the Chebyshevâ€‹ rule, what percentage of these fundsare expected to be within
â€‹Â±22 standard deviations of theâ€‹ mean? -75.075.0â€‹% â€‹(Round totwo decimal places asâ€‹ needed.)
***** c. According to the Chebyshevâ€‹ rule, at least
88.8988.89â€‹%
of these funds are expected to haveâ€‹ one-year total returnsbetween what twoâ€‹ amounts?
Between_ and _.

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3.6 Ratings (428 Votes)

We have from the data Mean 840 SD 350n 1024Empirical Rule The empirical rule states that for a normal distributionnearly all of the data will fall within three standard deviationsof the mean The empirical See Answer

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