Question
Question 2 - Normal Distribution (8 marks) Suppose that the return for a particular investment is normally distributed with a population mean of 10.1% and
Question 2 - Normal Distribution (8 marks) Suppose that the return for a particular investment is normally distributed with a population mean of 10.1% and a population standard deviation of 5.4%. a) What is the probability that the investment has a return of at least 20%? (2 marks) b) What is the probability that the investment has a return of 10% or less? (2 marks). A person must score in the upper 5% of the population on an IQ test to qualify for a particular occupation. c) If IQ scores are normally distributed with a mean of 100 and a standard deviation of 15, what score must a person have to qualify for this occupation? (4 marks).
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