An investor invested in 9 different investments. The dollar returns on the different investments are probabilistically independent, and each return follows a normative distribution with mean $50,000 and standard deviation $10,000.There is a 1% chance that the total return on the 9 investments is less than what value?What is the probability that the investor’s total return is between $400,000 and $520,000?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
An investor invested in 9 different investments. The dollar returns on the different investments are probabilistically independent, and each return follows a normative distribution with
There is a 1% chance that the total return on the 9 investments is less than what value?
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