Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The distribution of grades in an introductory finance class is normally distributed, with an expected grade of 70. If the standard deviation of grades is

The distribution of grades in an introductory finance class is normally distributed, with an expected grade of 70. If the standard deviation of grades is 10, in what range would you expect 99.00 percent of the grades to fall? (Round answers to 2 decimal places, e.g. 15.25. Hint: Think in terms of what the expected highest and lowest scores would be for 99.00% of the students taking the exam.)

9.00 percent of the grades should fall between the ranges (lower end) and (upper end)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions An Introduction To Risk Management Approach

Authors: Anthony Saunders, Marcia Cornett

3rd Edition

0073250937, 9780073250939

More Books

Students also viewed these Finance questions

Question

Why would the planning group use 40% more mechanics than necessary?

Answered: 1 week ago

Question

=+b) Form the F-statistic by dividing the two mean squares.

Answered: 1 week ago