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The combined market value of U.S. companies for which Chinese firms submit takeover bids in any given month is normally distributed with a mean of
The combined market value of U.S. companies for which Chinese firms submit takeover bids in any given month is normally distributed with a mean of $40 billion (use 40), and a standard deviation of $8 billion (use 8). Use the ASWCC tables for this problem.
- What is the probability that in any given month, the combined market value of U.S. firms for which Chinese companies submit takeover bids is less than $20 billion? (Depict this problem visually and use-value closest to Z-value, as the exact Z-value may not be on the statistical table).
- When the combined market value of U.S. firms for which Chinese companies submit takeover bids is in the top 10%, the Committee on Foreign Investment in the United States (CFIUS) must work overtime. What is the targeted market value that would force CFIUS employees to work overtime? (Find x, using the z-score formula)
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