Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i need help in c, d and e When returns from a project can be assumed to be normally distributed, such as those shown in
i need help in c, d and e
When returns from a project can be assumed to be normally distributed, such as those shown in Figure 13-6 (represented by a symmetrical, bell-shaped curve), the areas under the curve can be determined from statistical tables based on standard deviations. For example, 68.26 percent of the distribution will fall within one standard deviation of the expected value ( D + 10). Similarly, 95.44 percent will fall within two standard deviations ( D = 20), and so on. An abbreviated table of areas under the normal curve is shown next. Number of o's From Expected Value 0.50 1.00 1.50 2.58 2.71 + or - 0.1915 0.3413 0.4332 0.4951 0.4966 + and 0.3830 0.6826 0.8664 0.9902 0.9932 Assume Project A has an expected value of $28,000 and a standard deviation (0) of $5,600. a. What is the probability that the outcome will be between $22,400 and $33,600? (Round your answer to 4 decimal places.) Probability 0.6826 b. What is the probability that the outcome will be between $19,600 and $36,400? (Round your answer to 4 decimal places.) Probability 0.8664 C. What is the probability that the outcome will be at least $13,550? (Round your answer to 4 decimal places.) Probability d. What is the probability that the outcome will be less than $43,150? (Round your answer to 4 decimal places.) Probability e. What is the probability that the outcome will be less than $22,400 or greater than $36,400? (Round your answer to 4 decimal places.) Probability 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