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A proposed factory expansion project has an expected net present value of $180,000 with a standard deviation of $300,000. What is the probability that the
A proposed factory expansion project has an expected net present value of $180,000 with a standard deviation of $300,000. What is the probability that the project will have a negative net present value, assuming that net present value is normally distributed? Use Table V to answer the question. Round z value in intermediate calculation to two decimal places. Round your answer to two decimal places. % z 0.0 .1 2 .02 4920 .4522 .4129 3745 .08 .4681 4286 3897 3372 .03 .4880 4483 .4090 3707 3336 .2981 .2643 .2327 2033 .1762 .1515 .1292 .1093 .0918 .0764 .0630 .07 .4721 4325 .3936 3557 3192 .2843 .2514 .2206 .1922 .1660 .1423 .01 .4960 .4562 .4168 .3783 3409 .3050 2709 .2389 .2090 .1814 .1562 .1335 .1131 1.0951 .0793 ,0655 .0537 .0436 .0351 .0281 .0222 .0174 .0136 ,0104 .0080 ,0060 .0045 .0034 ,0025 .0018 .06 .4761 .4364 3974 3594 3228 .2877 .2546 .2236 .1949 .1685 .1446 .1230 .1038 .0869 .0721 .0594 .8 9 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 3.0 3.05 3.10 3.25 3.50 4.00 5.00 .00 .5000 4602 .4207 .3821 3446 .3085 .2743 .2420 .2119 .1841 .1587 .1357 .1151 .0968 .0808 .0668 ,0548 .0446 .0359 .0287 .0228 .0179 .0139 .0107 .0082 .0062 .0047 .0035 .0026 .0019 .0013 .0011 .0010 .0006 .00023 .00003 .0000003 .04 .4840 4443 .4052 .3669 3300 .2946 .2611 .2296 .2005 .1736 .1492 .1271 .1075 .0901 .0749 .0618 .0505 .0409 .0329 .0262 .0207 .0162 .0125 .0096 .0073 .0055 .0041 .05 .4801 4404 .4013 3632 3264 2912 2578 2266 .1977 .1711 .1469 .1251 1056 .0885 .0735 .0606 .0495 .0401 .0322 ,0256 .0202 .0158 .0122 .0094 .0071 .0054 .0040 .0030 ,0022 .0016 .0516 3015 .2676 .2358 .2061 .1788 .1539 .1314 .1112 .0934 .0778 .0643 .0526 .0427 .0344 0274 .0217 20170 .0132 20102 .0078 .0059 .0044 .0033 .0024 .0018 .0485 .09 .4641 .4247 .3859 3483 3121 .2776 .2451 .2148 .1867 .1611 .1379 .1170 .0985 .0823 .0681 .0559 .0455 .0367 .0294 .0233 .0183 .0143 .0110 .0084 .0064 ,0048 .0036 .0026 .0019 .0014 .3520 3156 .2810 2483 .2177 .1894 .1635 .1401 .1190 .1003 .0838 .0694 .0571 .0465 .0375 .0301 .0239 .0188 .0146 .0113 .0087 .0066 .0049 ,0037 .0027 .0020 .0014 .1210 .1020 .0853 .0708 .0582 .0475 .0384 .0307 .0244 .0192 .0150 .0116 .0089 .0068 .0051 .0038 .0028 .0021 .0015 .0418 .0336 .0268 .0212 .0166 .0129 .0099 .0075 .0057 .0043 .0032 .0023 .0017 .0392 .0314 1.0250 .0197 .0154 .0119 ,0091 .0069 .0052 .0039 .0029 .0021 .0015 ,0031 .0023 .0016
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