A mutual fund calculates its annualized total return at the end of every business day. Over a 10-yea


Question: A mutual fund calculates its annualized total return at the end of every business day. Over a 10-year period, these returns are found to be normally distributed with a mean of 14% and a standard deviation of 20%. On any given business day, what is the probability that the annualized total return of the mutual fund is negative?

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Answer: The solution file consists of 1 page
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