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A private equity firm is evaluating two alternative investments. Although the retums are random, each investment's return can be described using a normal distribution. The

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A private equity firm is evaluating two alternative investments. Although the retums are random, each investment's return can be described using a normal distribution. The first investment has a mean return of $2,250,DOd with a standard deviation of $150,DUO. The second investment has a mean return of $2,425,DOO with a standard deviation of $300,DDO Complete parts a through c below. a How likely is it that the first investment will return $2,100 000 or less? The probability is 0 1587 (Round to four decimal places as needed.) b How likely is it that the second investment will return $2,100,000 or less? The probability is 0 1394 (Round to four decimal places as needed.) c. If the firm would like to limit the probability of a return being less than $1,925,090, which investment should if make? The probability of a return being less than $1,825,000 is with the first investment and | with the second investment, so the firm should make the first investment (Round to four decimal places as needed.)

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