Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 6.5% and a standard deviation of 5%. Find the probability that the one-year return of this stock will be negative. Round your answer to at least four decimal places.

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 6.5% and a standard deviation of 5%. Find the
probability that the one-year return of this stock will be negative. Round your answer to at least four decimal places.
Transcribed Image Text:Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 6.5% and a standard deviation of 5%. Find the probability that the one-year return of this stock will be negative. Round your answer to at least four decimal places.
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