suppose the returns of a particular group of


Suppose the returns of a particular group of mutual funds are normally distributed with a mean of 9.1% and a standard deviation of 5.1%. If the manager of a particular fund wants his fund to be in the top 5% of funds with the highest return, what return must his fund have? (please round your answer to 2 decimal places)

Request for Solution File

Ask an Expert for Answer!!
Macroeconomics: suppose the returns of a particular group of
Reference No:- TGS0378247

Expected delivery within 24 Hours