A hedge fund returns on average 26% per year with a standard deviation of 12%. Using the empirical rule, approximate the probability the fund returns over 50% next year. Multiple Choice 0.5% 1% 2.5% 5%

0.125

Explanation:

The information given in the question can be depicted below as:

z(50%) = (50% - 26%) / 12% = 2

z (50/100) = (50/100 - 26/100)/12/100 = 2

z(0.5) = (0.5 - 0.26) / 0.12 = 2

z(0.5) = (0.24)/0.12 = 2

P(p > 0.5) = P(z > 2)

Based on the analysis done, we can note that 75% of the data will be found in 2 std of mean and this will bring about (25%/2) = 12.5% in each tail and we will then use Chebyshev's emperical rule which will give:

= (1.00 - 0.75)/2

= 0.25 / 2

= 0.125

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whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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