The profit 3

An investment's profit (or loss) is normally distributed with a mean of $11,200 and a standard deviation of $8,250. What is the probability of a loss rather than a profit?

Correct answer:

p1 =  0.0873

Step-by-step explanation:

m=11200 USD σ=8250 USD  p1: N(X,m,σ) < 0 0=mn σ=112001.3576 8250=11200  n=m/σ=11200/8250=165224=1165591.3576  p1=0.0873

Use the normal distribution table.

Did you find an error or inaccuracy? Feel free to write us. Thank you!

Tips for related online calculators
Looking for a statistical calculator?
Would you like to compute the count of combinations?

You need to know the following knowledge to solve this word math problem:

Related math problems and questions: