Probability of yields The annual yield (expressed as a percentage) for all investments in a particular asset class in the latest financial year was normally distributed with a mean of 6.5% and a standard deviation of 1.75%.
Probability of yields The annual yield (expressed as a percentage) for all investments in a particular asset class in the latest financial year was normally distributed with a mean of 6.5% and a standard deviation of 1.75%.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 1CYU
Question
calculate the probability that a randomly selected investment in this class will have an annual yield less than 4.5%
Transcribed Image Text:Probability of yields
The annual yield (expressed as a percentage) for all investments in a particular asset
class in the latest financial year was normally distributed with a mean of 6.5% and a
standard deviation of 1.75%.
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