Question
The average cost for two people to go to a movie is $24. The standard deviation is $3. Assume the cost is normally distributed. Find
The average cost for two people to go to a movie is $24.
The standard deviation is $3.
Assume the cost is normally distributed. Find the probability that at any given theater, the cost will be more than $28 for two people to go to the movie
round intermediate calculations to the nearest hundredth.
The probability that at any given theater, the cost will be more than $28 for two people to go to a movie is___ %.
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
