Small-cap mutual funds gained

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 variablewith a meanof 8.4% and a standard deviationof 10%. The return for 90% of small company mutual funds was less than what value?

Please show work. Thanks.

Mean = 8.4%

Std Dev = 10%

Z value =(x – mean) / std dev

The question asks for the …

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