Recall from Exercise 6 69 that individual forecasts of a particular interest rate are normally distributed with a mean of 5 percent and a standard deviation of 1 2 percent a What percentage of individual forecasts are at or below the 10th percentile of the distribution of forecasts What percentage are at or above the 10th percentile Find the 10th percentile of the distribution of individual forecasts b Find the first quartile, QX, and the third quartile, J23, of the distribution of individual forecasts In exercise A consensus forecast is the average of a large number of individual analysts ' forecasts Suppose the individual forecasts for a particular interest rate are normally distributed with a mean of 5 0 percent and a standard deviation of 1 2 percent

Question: Recall from Exercise 6.69 that individual forecasts of a particular interest rate are normally distributed with a mean of 5 percent and a standard deviation

Recall from Exercise 6.69 that individual forecasts of a particular interest rate are normally distributed with a mean of 5 percent and a standard deviation of 1.2 percent.
a. What percentage of individual forecasts are at or below the 10th percentile of the of forecasts? What percentage are at or above the 10th percentile? Find the 10th percentile of the of individual forecasts.
b. Find the first quartile, QX, and the third quartile, J23, of the of individual forecasts.
In exercise
A consensus forecast is the average of a large number of individual analysts' forecasts. Suppose the individual forecasts for a particular interest rate are normally distributed with a mean of 5.0 percent and a standard deviation of 1.2 percent.

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