Proportion of stock mutual funds


Companies that sell stock mutual funds charge their investors expense fees to offset the costs of research and administrative activities. In 2006 the average expense fee as expressed as a percentage of total assets invested in the fund was 0.93%. Assume that the distribution of expense fees is distributed as a normal random variable with a mean of 0.93% and a standard deviation of 0.3%. What proportion of stock mutual funds have an expense fee between 0.75% and 1.25%

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Basic Statistics: Proportion of stock mutual funds
Reference No:- TGS0722645

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