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    Small-cap mutual funds gained an average of 8.4% in the first half of 2000. Assume that the distribution of returns in the first half of 2000 for mutual funds specializing in small companies is distributed as a normal random variable with a mean of 8.4% and a standard deviation of 10%. The return for 90% of small company mutual funds was less than what value?

    Please show work. Thanks.

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    Solution Preview

    Mean = 8.4%

    Std Dev = 10%

    Z value =(x - mean) / std dev

    The question asks for the ...

    Solution Summary

    The expert examines small-cap mutual funds gained for standard deviation. The return for mutual funds of the values are determined.