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(Solved) Consider a population of 1024 mutual funds that primarily invest in large companies. You have determined that mu, the mean one-year total percentage...


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, is 8.20

and that sigmaσ,

the standarddeviation, is 1.75

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?

b. According to the Chebyshev rule, what percentage of these funds are expected to be within ±88 standard deviations of the mean? (Round to two decimal places as needed.)

c. According to the Chebyshev rule, at least 93.75%of these funds are expected to have one-year total returns between what two amounts?

 


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