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 50.5 and a standard deviation of 16. The customers with scores in the bottom 5% are described as "risk averse." What is the questionnaire score that separates customers who are considered risk averse from those who ar not? Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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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 50.5
and a standard deviation of 16. The customers with scores in the bottom 5% are described as "risk averse.
What is the questionnaire score that separates customers who are considered risk averse from those who ar
not? Carry your intermediate computations to at least four decimal places. Round your answer to one
decimal place.
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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 50.5 and a standard deviation of 16. The customers with scores in the bottom 5% are described as "risk averse. What is the questionnaire score that separates customers who are considered risk averse from those who ar not? Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place. U Continue X S Submit Terms of Use | Privacy Center
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