Question: Mutual funds reported strong earnings in the first quarter of 2006. The population of mutual funds focusing on Europe had a mean return of 13.3% during this time. Assume that the returns for the Europe mutual funds were distributed as a normal random variable, with a mean of 13.3 and a standard deviation of 12. If you select an individual fund from this population, what is the probability that it would have a return

1. 
   less than 0 - that is, a loss?
2. between 0 and 6?
3. greater than 10?
   If you selected a random sample of 10 funds from this population, what is the probability that the sample would have a mean return
4. less than 0-that is, a loss?
5. between 0 and 6?
6. greater than 10?
7. Compare your results in parts (d) through (f) to (a) through (c).

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