A consensus forecast is the average of a large number of individual analysts' forecasts. Suppose the individual forecasts for aparticular interest rate are normally distributed with a mean of 6 percent and a standard deviation of 1.7 percent. A single analyst israndomly selected. Find the probability that his/her forecast is(a) At least 3.9 percent. (Round the z value to 2 decimal places. Round your answer to 4 decimal places.)P(b) At most 7 percent. (Round the z value to 2 decimal places. Round your answer to 4 decimal places.)P(c) Between 3.9 percent and 7 percent. (Round the z value to 2 decimal places. Round your answer to 4 decimal places.)OCXPMAR5< Prev16 of 18 =AtvNext >all@Amnt.Save & ExitWD BSubmittShow A

Given that The data is normally distributed with Mean (μ) = 6% Standard deviation (σ) = 1.7% We…

Answered: A consensus forecast is the average of…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

When will I see the credit? In a random sample of 170 customers, 90 ordered chicken sandwitches for lunch. In a recent study reported Sept. 21, 1952 on the Flurry Blog, the mean age of tablet users is 34 years. Suppose the standard deviation is 15 years. Take a sample of n = 100. Find the probability that at least 150 favor a charter school.
The average student loan debt for college graduates is $25,950. Suppose that that distribution is normal and that the standard deviation is $14,900. Let X = the student loan debt of a randomly selected college graduate. Round all probabilities to 4 decimal places and all dollar answers to the nearest dollar. a. What is the distribution of X? X - N( b Find the probability that the college graduate has between $29,350 and $41,850 in student loan debt. c. The middle 10% of college graduates' loan debt lies between what two numbers? Low: $ High: $
Ryan is throwing a football through a tire in his backyard. He has the probability of .30 of throwing the ball through the tire on each attempt, and each attempt is independent of the one before. Draw the graph of the PDF for the first five attempts. What does the graph tell you about the mean and standard deviation?
man.2
Consider the following returns and states of the economy for TZ.Com.: Economy Probability Return Weak 15% -9% Normal 50% 1% Strong 35% 6% What is the standard deviation of TZ's returns? SET YOUR CALCULATOR TO FOUR DECIMAL PLACES AND ROUND TO 2 DECIMAL PLACES AT THE END. DO NOT ENTER THE %. FOR EXAMPLE, IF YOUR ANSWER IS 7.7011% ENTER IT AS 7.70.
The figure in the popup window, shows the one-year return distribution for RCS stock. Calculate: a. The expected return. b. The standard deviation of the return. Note: Make sure to round all intermediate calculations to at least five decimal places.
The average student loan debt for college graduates is $25,850. Suppose that that distribution is normal and that the standard deviation is $10,900. Let X = the student loan debt of a randomly selected college graduate. Round all probabilities to 4 decimal places and all dollar answers to the nearest dollar. a. What is the distribution of X? X - N( 25850 10900 b Find the probability that the college graduate has between $30,000 and $38,750 in student loan debt. c. The middle 10% of college graduates' loan debt lies between what two numbers? Low: $ High: $ Hint: Helpful videos: • Find a Probability [+] • Finding a Value Given a Probability [+] Hint
Cody took his first physics exam and scored an 80. The population mean for this exam is 70, and the standard deviation is 5. What is the probability of selecting a person with a score greater than Cody’s?
The average student loan debt for college graduates is $25,200. Suppose that that distribution is normal and that the standard deviation is $13,300. Let X = the student loan debt of a randomly selected college graduate. Round all probabilities to 4 decimal places and all dollar answers to the nearest dollar. a. What is the distribution of X? X - N b Find the probability that the college graduate has between $22,700 and $29,650 in student loan debt. c. The middle 30% of college graduates' loan debt lies between what two numbers? Low: $ High: S
Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 5% and a standard deviation of 6%. Find the probability that the one-year return of this stock will be positive. Round your answer to at least four decimal places.
Suppose that the walking step lengths of adult males are normally distributed with a mean of 2.7 feet and a standard deviation of 0.3 feet. A sample of 70 men’s step lengths is taken. Step 2 of 2 : Find the probability that the mean of the sample taken is less than 2.4 feet. Round your answer to 4 decimal places, if necessary.
The average student loan debt for college graduates is $25,650. Suppose that that distribution is normal and that the standard deviation is $14,350. Let X = the student loan debt of a randomly selected college graduate. Round all probabilities to 4 decimal places and all dollar answers to the nearest dollar.b Find the probability that the college graduate has between $28,800 and $41,400 in student loan debt. c. The middle 20% of college graduates' loan debt lies between what two numbers? Low: $ High: $

SEE MORE QUESTIONS

Recommended textbooks for you

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability (10th Edition)

Probability

ISBN:

9780134753119

Author:

Sheldon Ross

Publisher:

PEARSON

A First Course in Probability

Probability

ISBN:

9780321794772

Author:

Sheldon Ross

Publisher:

PEARSON

SEE MORE TEXTBOOKS