Question: Global Industries has calculated the return on assets (ROA) for one of its projects using the simulation method. By simulating the operations 1,000 times, they

Global Industries has calculated the return on assets (ROA) for one of its projects using the simulation method. By simulating the operations 1,000 times, they obtained an ROA of 16.7 percent and a standard deviation of 6.2. The results of the simulation conform quite closely to a normal curve.
a. Draw a probability using the given data.
b. The company's objective is to achieve an ROA of 12 percent. What is the probability that the project will achieve at least that level?

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