The daily exchange rates for the five-year period 2003 to 2008 between currency A and currency B are well modeled by a normal distribution with mean 1.464 in currency A (to currency B) and standard deviation 0.033 in currency A. Given this model, and using the 68-95-99.7 rule to approximate the probabilities rather than using technology to find the values more precisely, complete parts (a) through (d). a) What would the cutoff rate be that would separate the highest 2.5% of currency A/currency B rates? The cutoff rate would be (Type an integer or a decimal rounded to the nearest thousandth as needed.)

The daily exchange rates for the five-year period 2003 to 2008 between currency A and currency B are well modeled by a normal distribution with mean 1.464 in currency A (to currency B) and standard deviation 0.033 in currency A. Given this model, and using the 68-95-99.7 rule to approximate the probabilities rather than using technology to find the values more precisely, complete parts (a) through (d). a) What would the cutoff rate be that would separate the highest 2.5% of currency A/currency B rates? The cutoff rate would be (Type an integer or a decimal rounded to the nearest thousandth as needed.)

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The daily exchange rates for the five-year period 2003 to 2008 between currency A and currency B are well modeled by a normal distribution with mean 1.464 in currency A (to currency B) and standard deviation 0.033 in currency A. Given this
model, and using the 68-95-99.7 rule to approximate the probabilities rather than using technology to find the values more precisely, complete parts (a) through (d).
a) What would the cutoff rate be that would separate the highest 2.5% of currency A/currency B rates?
The cutoff rate would be
(Type an integer or a decimal rounded to the nearest thousandth as needed.)

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