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Problem 13-20 Probability analysis Icurve distribution [LO13-4] with a normal curve distribution When renurms from a project can be assumed to be normaly disributed, such
Problem 13-20 Probability analysis Icurve distribution [LO13-4] with a normal curve distribution When renurms from a project can be assumed to be normaly disributed, such as those shown in Figure 13-6 (represeted by a symmetrical, bell-shaped curve), the areas under the curve can be determined trom statstical tables based on standard deviations. For example, 68.26 percet of the distribution wll tal it in one standard de ton of the expected value D 10) Similarty, 95 44 percent iE tell it in two standard deviations D 20 and so on. An abbreviated table of areas under the or alane is shown ext Numbor of a From Expected Valuer+and 1.00 3413 6826 3886 7372 1.50 2.00 47729544 Assume Project A has an expeched value of $37,000 and a standard deviation (a) of $7.400. a. What is the probablity that the outcome wil bo batwoon $33300 and $40,700 (Round your answer to 4 decimal places.) . what is the probablythat the outcome will be beween $22,200 and $51,800? (Round your answer to 4 decimal places.) e. What is the probabiity that the outcome will be at least S22,200? (Round your answer to 4 decimal places. d. What is the probabiliy that the outcome wil be less than $45,310? (Round your answer to 4 decimal places.) e.What is the probabiity that the outcome wil be less than $33,300 or greater than $40,700? (Round your answer to 4 decimal places
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