USINE mathxl.com 1-98_S 2020(3) 0/02/20 11:08 PM Elli@gmail.com 8:58 PM MGMT 403 & ECON 436-98: STATISTICS FOR BUSINESS DECISIONS Marvin Lee & | 10/02/20 11:08 PM Homework: Problem Set 5 ? Help Save RVIN_INF core. Go to WEEKS Score: 0.2 of 1 pt 3 of 8 (6 complete) HW Score: 55.63%, 4.45 of 8 pts 6.1.20-T Question Help review_ML m A private equity firm is evaluating two alternative investments. Although the returns are random, each investment's return can be described using a normal distribution. The first investment has a mean return of $2,000,000 with a standard deviation of $175,000. The second investment has a mean return of $2,225,000 with a standard m deviation of $600,000. Complete parts a through c below. nts out of 8 a. How likely is it that the first investment will return $1,700,000 or less? The probability is 0.0436. ONS: uestion CtSUM202 (Round to four decimal places as needed.) online from final s b. How likely is it that the second investment will return $1,700,000 or less? The probability is 0.1894 . (Round to four decimal places as needed.) DBproject c. If the firm would like to limit the probability of a return being less than $1,600,000, which investment should it make? 120-online The probability of a return being less than $1,600,000 is with the first investment and with the second investment, so the firm should make the investment. (Round to four decimal places as needed.) first on Shot second ...42.17 AM RVIN_INFS FINAL S FOR BUSINESS son Education | Enter your answer in the edit fields and then click Check