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One-year returns of 223 Mutual Funds are grouped below.
One-Year Returns of Mutual Funds
Class (return in %)
Frequency
310 under 15
25
15 to under 33
33
33b under 51
30
51 to under 69
36
69 to under 67
29
87 to under 105
10
105 to under 123
39
123 to under 141
1
141 to under 159
20
Total
223
a) What is the probability that a randomly selected Mutual Funds gave a return of 3 percent to under 15 percent?
b) Find the probability that the one year returns on these hinds range between a loss of -3% to a gain of 159%.
c) What is the probability of selecting a Mutual Funds with a return to under 51 percent?
d) Compute the probability of selecting a Mutual Funds with a return of less than 105 percent.
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