Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Builtrite has calculated the average cash flow to be $16,000 with a standard deviation of $2,500. What is the probability of a cash flow being
Builtrite has calculated the average cash flow to be $16,000 with a standard deviation of $2,500. What is the probability of a cash flow being greater than $12,250? (Assume a normal distribution
6.68%
43.32%
76.68%
93.32%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started