What are the cut off values for the funds

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Reference no: EM1390931

The quarterly returns for a group of 69 mutual funds with a mean of 2.3% and a standard deviation of 5.9% can be modeled by a normal model. Based on the model N(0.023, 0.059), what are the cut off values for the:

A) Highest 40% of these funds?

B) Lowest 30%?

C) Middle 60% ?

D) Highest 70%

Reference no: EM1390931

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