International mutual funds reported weak returns in 2008. The population of international mutual funds earned in 2008 was normally distributed with a mean of 10 and a standard deviation of 20. If you selected a random sample of 10 funds from this population, what is the probability that the sample would have a mean return (Please show all work)
International mutual funds reported weak returns in 2008. The population of international mutual funds earned in...
Suppose the returns of a particular group of mutual funds are normally distributed with a mean of 10.9% and a standard deviation of 4.6%. If the manager of a particular fund wants his fund to be in the top 10% of funds with the highest return, what return must his fund have? (please round your answer to 2 decimal places)
A normally distributed population has a mean of 600 and a standard deviation of 60. a. Determine the probability that a random sample of size 25 selected from this population will have a sample mean less than 579. b. Determine the probability that a random sample of size 16 selected from the population will have a sample mean greater than or equal to 636.
A normally distributed population has a mean of 475 and a standard deviation of 48. a. Determine the probability that a random sample of size 9 selected from this population will have a sample mean less than 451. b. Determine the probability that a random sample of size 16 selected from the population will have a sample mean greater than or equal to 498. a. P(X<451) = (Round to four decimal places as needed.) b. P(X2498) = 1 (Round to...
A normally distributed population has a mean of 500 and a standard deviation of 80. a. Determine the probability that a random sample of size 25 selected from this population will have a sample mean less than 463 . b. Determine the probability that a random sample of size 16 selected from the population will have a sample mean greater than or equal to 538. A company makes windows for use in homes and commercial buildings. The standards for glass...
Suppose that a group of mutual funds had an average return of 2% last year with a standard deviation of 3.6%. Assume these funds are normally distributed. What is the probability that a randomly selected fund had a positive return last year?
A mutual fund company promises that their clients earn an average of 10% on investments they recommend. The returns have a population standard deviation of 2%. In a sample of 25 investments, you find that the average return is 8.90% with a standard deviation of 4%. Find the probability of a single return being less than 8.90%. Use clear calculations Find the probability of the average of 25 returns being less than 8.90%. Use clear calculations. Identify which of the...
32. You have analyzed the returns of mutual funds X and Y for the last several years and have gathered the following information. Fund X: Annual Return: 16% Standard Deviation: 20% Fund Y: Annual Return: 14% Standard Deviation: 16% The correlation coefficient between the two funds is 0.35. If your portfolio consists 60% of Fund X and 40% of Fund Y, calculate the standard deviation of this two-asset portfolio. A. Less than 18.4% B. 18.4% C. Greater than 18.4% D....
The weights of 9 year old male children are normally distributed population with a mean of 80 pounds and a standard deviation of 17 pounds. Determine the probability that a random sample of 26 such children has an average less than 72 pounds. Round to four decimal places. QUESTION 8 A Test has scores that are normally distributed with a mean of 71 and a standard deviation of 15. Determine the probability that a random sample of 26 test scores...
5.4.1 Question Help A population has a mean = 141 and a standard deviation o = 28. Find the mean and standard deviation of the sampling distribution of sample means with sample size n = 40. The mean is :-), and the standard deviation is 0;=0 (Round to three decimal places as needed.) 5.4.2 Question Help A population has a meanu - 74 and a standard deviation = 8. Find the mean and standard deviation of a sampling distribution of...
According to a census, approximately 5% of the population earned between $75,000 and 100,000 annually in 2008. A random sample of 30 people in the population was selected. a. Use the binomial distribution to determine the probability that fewer than three individuals earned between 75,000 and 100,000 annually in 2008. b. Use the Poisson approximation to the binomial distribution to determine the probability that fewer than three individuals earned between 75,000 and 100,000 annually in 2008. c. How do these...