Bakers Ltd is currently in the process of reviewing the credit line available to supermarkets who they

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Bakers Ltd is currently in the process of reviewing the credit line available to supermarkets who they have defined as a ‘good’ or ‘bad’ risk. Based upon a £100,000 credit line the profi t is estimated to be £25,000 with a standard deviation of £5000. Calculate the probability that the profit is greater than £28,000.

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Business Statistics Using Excel

ISBN: 9780199659517

2nd Edition

Authors: Glyn Davis, Branko Pecar

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