Question
The weight of a watermelon is normally distributed with mean 1.5kg and standard deviation 0.7kg. Due to overproduction and lack of transportation, a farmer has
The weight of a watermelon is normally distributed with mean 1.5kg and standard deviation 0.7kg. Due to overproduction and lack of transportation, a farmer has to discard a quarter of his watermelons. He decides to discard all watermelons with a weight smaller than X0. Find X0.
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
