5. Changes in the value of two particular cryptocurrencies are modelled as Normal distributions. From year to year, the first cryptocurrency changes in value with mean 23.30% and standard deviation 70.08%. From year to year, the second cryptocurrency changes in value with 1 mean 46.40% and standard deviation 149.69%. An investor is hoping for an annual growth in value of at least 40%. Which currency is most likely to give an annual growth of at least 40%?
5. Changes in the value of two particular cryptocurrencies are modelled as Normal distributions. From year to year, the first cryptocurrency changes in value with mean 23.30% and standard deviation 70.08%. From year to year, the second cryptocurrency changes in value with 1 mean 46.40% and standard deviation 149.69%. An investor is hoping for an annual growth in value of at least 40%. Which currency is most likely to give an annual growth of at least 40%?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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