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A company believes that the rate of return (X) is normally distributed with a mean of 40% and a standard deviation of 10%. a. Find the probability that the return X will exceed 55%. b. The bank who will fund the project, however, believes that the distribution of returns is V = 0.8X - 5%. Find the probability that V will exceed 55%. (hill P.6)

A company believes that the rate of return (X) is normally distributed with a mean of 40% and a standard deviation of 10%. a. Find the probability that the return X will exceed 55%. b. The bank who will fund the project, however, believes that the distribution of returns is V = 0.8X - 5%. Find the probability that V will exceed 55%. (hill P.6)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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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2. A company believes that the rate of return (X) is normally distributed with a mean of 40% and a standard deviation of 10%. a. Find the probability that the return X will exceed 55%. b. The bank who will fund the project, however, believes that the distribution of returns is V = 0.8X - 5%. Find the probability that V will exceed 55%. (hill P.6)
Transcribed Image Text:2. A company believes that the rate of return (X) is normally distributed with a mean of 40% and a standard deviation of 10%. a. Find the probability that the return X will exceed 55%. b. The bank who will fund the project, however, believes that the distribution of returns is V = 0.8X - 5%. Find the probability that V will exceed 55%. (hill P.6)
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