# Question

Suppose that the distribution of oil prices ($/bbl) is forecast to be T(50, 65, 105).

(a) Find the mean.

(b) Find the standard deviation.

(c) Find the probability that the price will be greater than $75.

(d) Sketch the distribution and shade the area for the event in part (c).

(a) Find the mean.

(b) Find the standard deviation.

(c) Find the probability that the price will be greater than $75.

(d) Sketch the distribution and shade the area for the event in part (c).

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