# Question: Recall from Exercise 6 63 that individual forecasts of a particular

Recall from Exercise 6.63 that individual forecasts of a particular interest rate are normally distributed with a mean of 5 percent and a standard deviation of 1.2 percent.

a. What percentage of individual forecasts are at or below the 10th percentile of the distribution of forecasts? What percentage are at or above the 10th percentile? Find the 10th percentile of the distribution of individual forecasts.

b. Find the first quartile, Q1 , and the third quartile, Q3 , of the distribution of individual forecasts.

a. What percentage of individual forecasts are at or below the 10th percentile of the distribution of forecasts? What percentage are at or above the 10th percentile? Find the 10th percentile of the distribution of individual forecasts.

b. Find the first quartile, Q1 , and the third quartile, Q3 , of the distribution of individual forecasts.

## Relevant Questions

The scores on the entrance exam at a well- known, exclusive law school are normally distributed with a mean score of 200 and a standard deviation equal to 50. At what value should the lowest passing score be set if the ...The daily water consumption for an Ohio community is normally distributed with a mean consumption of 800,000 gallons and a standard deviation of 80,000 gallons. The community water system will experience a noticeable drop in ...Refer to Exercise 6.8. a. Calculate the mean, μx, the variance, σ2x, and the standard deviation, σx. b. Find the probability that the waiting time of a randomly selected patron will be within one standard deviation of ...The year 1987 featured extreme volatility on the stock market, including a loss of over 20 percent of the market’s value on a single day. Figure 7.6 (a) shows the percent frequency histogram of the percentage returns for ...Find the probability distribution of the population of six sample mean grand prizes.Post your question