A foundation engineer estimates that the settlement of a proposed structure will not exceed 2 in. with

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A foundation engineer estimates that the settlement of a proposed structure will not exceed 2 in. with 95% probability. From a record of performance of many similar structures built on similar soil conditions, he finds that the coefficient of variation of the settlement is about 20%. If a normal distribution is assumed for the settlement of the proposed structure, what is the probability that the proposed structure will settle more than 2.5 in
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...
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