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27-01-2020
Mathematics

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A mutual fund rating agency ranks a fund's performance by using one to five stars. A one-star mutual fund is in the bottom 20% of its investment class; a five-star mutual fund is in the top 20% of its investment class. Interpret the meaning of a four-star mutual fund.

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musiclover10045 musiclover10045

27-01-2020

Each star has a 20% difference.

A four star rating would be above the bottom 60% ( 1, 2 and 3 stars) but be below the top 20%. (5 stars).

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