What is the probability of the investors total return

Reference no: EM131166868

An investor has invested in nine different investments. The dollar returns on the different investments are probabilistically independent, and each return follows a normal distribution with mean $50,000 and standard deviation $10,000.

a. There is a 1% chance that the total return on the nine investments is less than what value?

b. What is the probability that the investor's total return is between $400,000 and $520,000?

Reference no: EM131166868

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