Risk taking is an important part of investing. In order to make suitable investment decisions on behalf of their customers, portfolio managers give a questionnaire to new customers to measure their desire to take financial risks. The scores on the questionnaire are approximately normally distributed with a mean of 49 and a standard deviation of 14. The customers with scores in the bottom s% are described as "risk averse." What is the questionnaire score that separates customers who are considered risk averse from those who are not? Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place.

MATLAB: An Introduction with Applications
6th Edition
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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Risk taking is an important part of investing. In order to make suitable
investment decisions on behalf of their customers, portfolio managers
give a questionnaire to new customers to measure their desire to take
financial risks. The scores on the questionnaire are approximately
normally distributed with a mean of 49 and a standard deviation of 14.
The customers with scores in the bottom s% are described as "risk
averse." What is the questionnaire score that separates customers who
are considered risk averse from those who are not? Carry your
intermediate computations to at least four decimal places. Round your
answer to one decimal place.
Transcribed Image Text:Risk taking is an important part of investing. In order to make suitable investment decisions on behalf of their customers, portfolio managers give a questionnaire to new customers to measure their desire to take financial risks. The scores on the questionnaire are approximately normally distributed with a mean of 49 and a standard deviation of 14. The customers with scores in the bottom s% are described as "risk averse." What is the questionnaire score that separates customers who are considered risk averse from those who are not? Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place.
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