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Consider a population of 1024 mutual funds that primarily invest in large companies. You have determined...

Consider a population of 1024 mutual funds that primarily invest in large companies. You have determined that muμ​,

the mean​ one-year total percentage return achieved by all the​ funds, is5.00 and that sigmaσ​, the standard​ deviation, is 3.00 Complete​ (a) through​ (c).

a.

According to the empirical​ rule, what percentage of these funds is expected to be within

​±22 standard deviationsdeviations of the​ mean? nothing​%

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Answer #1

a) As per empirical rule, percentage of these funds is expected to be within ​±2 standard deviations of the​ mean

= 95%

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