1. You are considering investing in a mutual fund. The fund is expected to earn a return of 13 percent in the next year. If its annual return is normally distributed with a standard deviation of 6.9 percent, what return can you expect the fund to beat 95 percent of the time? (Round answer to 2 decimal places, e.g. 52.75%.)
2. To find the dollar value of the additional sales a firm is able to sustain without acquiring any external capital do we multiply self supporting growth with the current sales ?