Consider a population of 1024 mutual funds that primarily


Please explain how you compute these answers for A,B,C.

Objective: Apply the empirical rule and the Chebyshev rule.

Consider a population of 1024 mutual funds that primarily invest in large companies You have determined that p, the mean one-year total percentage return achieved by all the funds, is 9.20 and that o, the standard deviation, is 1 25. Complete (a) through (c)

a. According to the empirical rule, what percentage of these funds is expected to be within ±3 standard deviations of the mean?

99.7 %

b. According to the Chebyshev rule, what percentage of these funds are expected to be within ±2 standard deviations of the mean?

75 % (Round to two decimal places as needed.)

c. According to the Chebyshev rule, at least 88.89% of these funds are expected to have one-year total returns between what two amounts?

Between 5.45 and 12.95 (Round to two decimal places as needed.)

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Consider a population of 1024 mutual funds that primarily
Reference No:- TGS02850231

Now Priced at $15 (50% Discount)

Recommended (99%)

Rated (4.3/5)