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  3. for the third quarter (q3) of 2014, a group of 163

For the third quarter (Q3) of 2014, a group of 163 mutual funds had a mean...

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Basic Math

For the third quarter (Q3) of 2014, a group of 163 mutual fundshad a mean return of 4.6% with a standard deviation of 5.1%. Ahistogram of fund returns shows a unimodal, symmetric shape. (Enteryour answer to two decimal places.)

(a) What return is necessary for a fund to be classified among thetop 25%?

%


(b) What return is necessary for a fund to be classified among thebottom 10%?

%


(c) What return is necessary for a fund to be classified among thetop 1%?

%


(d) What is the IQR of these returns?

%

Answer & Explanation Solved by verified expert
3.7 Ratings (362 Votes)
Solutiona What return is necessary for a fund to be classified amongthe top 25Answer 804ExplanationWe first need to the z value    See Answer
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