Compute probabilities

Assignment Help Finance Basics
Reference no: EM131332890

Compute probabilities.

The area under the normal curve from x = a to x = b with given mean and standard deviation is the probability that x assumes a value between x = a and x = b. If we are using Table IV in Appendix C, we need to standardize the random variable x using the formula z = (x - µ)/σ, before using the table.

where µ is the mean and σ is the standard deviation of the normal distribution. We use 1E99 for ∞ and -1E99 for -∞, if needed.

Let x be a continuous random variable that is normally distributed with a mean of 24 and a standard deviation of 7.

Round your answers to two decimal places.

(a) Standardize the variable value x = 27.5.

z = 

(b) Standardize the variable value x = 59.0.

z =

Reference no: EM131332890

Questions Cloud

What is the probability that buyer 1 wins the auction : Consider the equilibrium in which every buyer bids his private value. What is the probability that buyer 1 wins the auction, under this equilibrium? What is the seller's expected revenue in this case?
Manufacturer of a fertilizer guarantees : The manufacturer of a fertilizer guarantees that, with the aid of the fertilizer, 80% of planted seeds will germinate. Suppose the manufacturer is correct. If 9 seeds planted with the fertilizer are randomly selected, what is the probability that ..
How morality is manifested in everyday life for children : Be sure that your question relates in some way to issues such as those listed below: The human being's nature and definition of morality and How morality is manifested in everyday life for children and How morality develops in childhood
Intermediate computations to at least four decimal places : Carry your intermediate computations to at least four decimal places, and round your answer to at least two decimal places
Compute probabilities : The area under the normal curve from x = a to x = b with given mean and standard deviation is the probability that x assumes a value between x = a and x = b. If we are using Table IV in Appendix C, we need to standardize the random variable x usin..
Is the probability that buyer 2 wins the auction equal to 1 : Is the probability that buyer 2 wins the auction equal to 1?- Compute the seller's expected revenue if the buyers implement the strategies (β1, β2).
The dividends are expected to continue to grow : What is the value of one share (to the nearest cent) if the last dividend you received was $0.38 and investors require 9.0% return on these shares? The dividends are expected to continue to grow at 1.4% forever.
Bands on stage to complete first song : Listed below is a list of how long it takes for bands on stage to complete their first song (in seconds).
Explore and develop key capabilities : Explore and develop key capabilities in one of the three key leadership capabilities (competencies) addressed in the unit - develop an action plan of key events and activities that they can undertake over the next 6 months to acquire the knowledge,..

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the maximum car and mortgage payment you can afford

What is the maximum car payment and mortgage payment you can afford with the following conditions: your monthly household income, 10% for the car payment, and 28% for the mortgage payments?

  A six-year us government bond ie face value is 1000 makes

a six-year us government bond i.e. face value is 1000 makes annual coupon payments of 5 and offers a yield of 3

  Compare with the actual market value of the company

Mini-Case: After graduation from University, your first job is at Home Depot. After the initial training period, you get your first assignment. You have to find the following items.

  If the interest rate is 13 percent compounded monthly for

variable interest rates a 15-year annuity pays 1500 per month and payments are made at the end of each month. if the

  The effective annual cost of not taking advantage of the

the effective annual cost of not taking advantage of the 210 net 50 terms offered by a supplier is what percent?please

  Would long-range financial planning be more important for

would long-range financial planning be more important for a capital intensive company such as a heavy equipment

  Calculate for each year the loan balance that remains

a mortgage requires you to pay 70000 at the end of each of the next eight years. the interest rate is 8.a. what is the

  Explain the differences in potential risk and return

Duve, Inc. desires to penetrate a foreign market with either a licensing agreement with a foreign firm or by acquiring a foreign firm. Explain the differences in potential risk and return between a licensing agreement with a foreign firm and the acqu..

  Suppose you are informed that a company expects to pay a

problem 1a company issues 15-year 1000 par-value bonds with a coupon rate of 5. the bonds are sold for 619.70. the tax

  Calculate eps under each economic condition

The company is considering raising $90,000 in debt costing 7% to repurchase stock. Currently there are 5,000 shares outstanding.

  Find the projects simple regular payback

The ABC Company is planning a project which has an up-front cost paid today at t = 0. The project will create positive cash flows of $70,000 a year at the end of each of the next 5 years.

  The last dividend on spirex corporations common stock was

the last dividend on spirex corporations common stock was 3.75 and the expected growth rate is 8 percent. if you

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd