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Muslin You are an investment manager for a hedge fund- There are currently a lot of rumours going around about The hot property market on

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Muslin You are an investment manager for a hedge fund- There are currently a lot of rumours going around about The "hot" property market on The Gold Coast, and some of your investors want you to set up a fund specialising in Surfers Paradise apartmenTs. You do some research and discover that the average Surfers Paradise apartment currently sells for $1.1 million. But There are huge price differences between newer apartments and The older ones left over from the 1980's boom. This means prices can vary a lot from apartment to apartment. Based on sales over the last 12 months, you calculate the standard deviation to be $335 ooo. There is an apartment up for auction This Saturday, and you decide to attend the auction. Tasks {show your workings]: A. Assuming a normal distribution, what is the probability that apartment will sell for over $2 million? B- What is the probability that the apartment will sell for over $1 million but less than $1.1 million

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