Question
The mean distance from the center of the city is 14.629 miles,with a standard deviation of 4.874 miles. Use the normaldistribution to estimate the number
The mean distance from the center of the city is 14.629 miles,with a standard deviation of 4.874 miles. Use the normaldistribution to estimate the number of homes 18 or more miles butless than 22 miles from the center of the city . Compare this tothe actual results. Does the normal distribution yield a goodapproximation of the actual results?
Given a mean distance from the center of the city is 14.629 miles with a standard deviation of 4.874 miles and using the normal distribution, estimate the number of homes 18 or more but less than 22 miles from the center of the city.
Compare the estimate to the actual results and suggest if the estimate is a good yield. Explain your answer.
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
