The Annual Return of a Well-Known Mutual Fund Has Historically

question 47

Short Answer

The annual return of a well-known mutual fund has historically had a mean of about 10% and a standard deviation of 21%. Suppose the return for the following year follows a normal distribution, with the historical mean and standard deviation. What is the probability that you will lose money in the next year by investing in this fund?

---

Definitions:

Marxism

A sociopolitical and economic ideology based on the theories of Karl Marx, focusing on class struggle, the conflict between the bourgeoisie (capitalist class) and the proletariat (working class), and advocating for a classless society.

Forces Of Production

The physical and intellectual resources a society has with which to make a living.

Class Consciousness

Recognition of domination and oppression and collective action to change it.

Queer Theory

An academic field that explores and challenges normative ideas regarding sexuality and gender, focusing on the deconstruction of traditional sex and gender roles.