You are considering investing in a mutual fund. The fund is expected to earn a return of 15.4 percent in the next year.

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You are considering investing in a mutual fund. The fund is expected to earn a return of 15.4 percent in the next year.

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You Are Considering Investing In A Mutual Fund The Fund Is Expected To Earn A Return Of 15 4 Percent In The Next Year 1
You Are Considering Investing In A Mutual Fund The Fund Is Expected To Earn A Return Of 15 4 Percent In The Next Year 1 (29.72 KiB) Viewed 37 times
You are considering investing in a mutual fund. The fund is expected to earn a return of 15.4 percent in the next year. If its annual return is normally distributed with a standard deviation of 13.1 percent, what return can you expect the fund to beat 95 percent of the time? (Note: Round ycar answer as decimals with three decimal places. For example, if you answer is -2.7%, you should write -0.027 in the answer box. DO NOT write your answer as percentages as you will be marked wrong.)
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