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...

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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: $
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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: $

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