Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 4.5% and a standard deviation of 4%. Find the probability that the one-year return of this stock will be positive. Round your answer to at least four decimal places.
Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 4.5% and a standard deviation of 4%. Find the probability that the one-year return of this stock will be positive. Round your answer to at least four decimal places.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 12PPS
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![Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 4.5%
and a standard deviation of 4%. Find the probability that the one-year return of this stock will be positive. Round your
answer to at least four decimal places.
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fce01c265-5b9c-458a-ae3d-ba47f0e36370%2F9cabcd3f-10e0-4f9c-913d-d705d197a497%2Fe6rx4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 4.5%
and a standard deviation of 4%. Find the probability that the one-year return of this stock will be positive. Round your
answer to at least four decimal places.
0
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