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Just as in the Case of the Continuous Uniform Distribution

question 99

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Just as in the case of the continuous uniform distribution, the probability density function of the normal distribution may be easily used to compute probabilities.

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Definitions:

Expense Ratio

The measure of what it costs an investment company to operate a mutual fund, expressed as a percentage of the fund's assets.

Mutual Fund

An investment vehicle that pools money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities.

Net Asset Values

The value of an entity's assets minus the value of its liabilities, often used in relation to investment funds.

Money Market Funds

Investment funds that invest in short-term debt securities, such as treasury bills and commercial paper, offering investors high liquidity with a relatively low level of risk.

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