(Answered) The monthly rate of return for the mutual fund invest 2000

Statistics

The monthly rate of return for the mutual fund Invest 2000 follows a Normal distribution with mean 0.75% and standard deviation 0.3%.
(a) What is the probability that the fund will return more than 1.2% next month?
(b) What is the 90% Value-at-Risk over 1 month for this mutual fund? What is the meaning of this number?

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