Question
Builtrite has calculated the average cash flow for a potential project to be $12,000 with a standard deviation of $4,500. Bob Katz, a senior manager
Builtrite has calculated the average cash flow for a potential project to be $12,000 with a standard deviation of $4,500. Bob Katz, a senior manager knows that he will be eligible for a nice bonus if the project's cash flow falls in the top 3%. What cash flow amount should earn Bob a nice bonus? (Assume a normal distribution.)
| A.$12,360 | ||
| B.$17,568 | ||
| C.$24,862 | ||
| D.$20,460 |
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
