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A group of mutual funds earned varying annual rates of return in the last year. These rates of return are normally distributed with a mean of 7% and a standard deviation of 19%. One mutual fund in this group managed to earn a rate of return that was double that of this group's average that year. This performance would put the fund in the top X% of those funds in that year. Calculate X%.

You may find this standard normal table useful. Give your answer to 1 decimal place.

X% =

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Statistics and Probability, Statistics

Category:- Statistics and Probability
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