Refer to the Journal of Accounting Public Policy (Vol. 34, 2015) study of the impact of executive

Question:

Refer to the Journal of Accounting Public Policy (Vol. 34, 2015) study of the impact of executive networking on firm performance, Exercise 2.101. Recall that firm performance was measured as annual return on equity (ROE), recorded as a percentage. The mean ROE for the firms studied was 13.93% and the standard deviation was 21.65%. Assume that these values represent μ and σ for the population ROE distribution and that this distribution is normal. What value of ROE will be exceeded by 80% of the firms?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...