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Monthly rates of return on the shares of a particular common stock are independent of one another and normally distributed with a population standard deviation
Monthly rates of return on the shares of a particular common stock are independent of one another and normally distributed with a population standard deviation of 1.8. A sample of 15 months is taken.
Part a)Find the probability that the samplevarianceis less than 6.76.
Part b)Find the probability that the samplestandard deviationis more than 1.2.
Draw and label a picture for each part to help explain your answer. Use the appendix tables in the back of your book; tell me what table you used and what value(s) you looked up.
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