Question
A banks profit next year will be normally distributed with a mean of 2% of assets and a standard deviation of 4% of assets. The
A bank’s profit next year will be normally distributed with a mean of 2% of assets and a standard deviation of 4% of assets. The bank’s equity is 6% of assets. What is the probability that the bank will have a positive equity at the end of the year (ignoring taxes)?
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Business Statistics For Contemporary Decision Making
Authors: Ken Black, Ignacio Castillo
3rd Canadian Edition
1119577624, 9781119577621
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