A banks profit next year will be normally distributed with a mean of 2% of assets and
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A bank’s profit next year will be normally distributed with a mean of 2% of assets and a standard deviation of 4% of assets. The bank’s equity is 6% of assets. What is the probability that the bank will have a positive equity at the end of the year (ignoring taxes)?
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
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