Question
Consider a company that has two different divisions. The annual profits from the two divisions are independent and have distributions Profit, N(5,3%) and Profit, N(7,
Consider a company that has two different divisions. The annual profits from the two divisions are independent and have distributions Profit, N(5,3%) and Profit, "N(7, 4) respectively. Both the profits are in $ Million. Answer the following questions about the total profit of the company in Rupees. Assume that $1 Rs. 45
A. Specify a Rupee range (centered on the mean) such that it contains 95% probability for the annual profit of the company.
95% would in 2 standard deviation. The score is 1.65
Specify the percentile of profit (in Rupees) for the company https://www.dummies.com/education/math/statistics/figuring-out-percentiles-for a normal distribution/
B. Which of the two divisions has a larger probability of making a loss in a given year?
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