A portfolio manager believes that tomorrow's foreign exchange rate of German marks per U.S. dollar will be
Fantastic news! We've Found the answer you've been seeking!
Question:
A portfolio manager believes that tomorrow's foreign exchange rate of German marks per U.S. dollar will be Normally distributed with mean 2.03 and standard deviation 0.08. Using the manager's numbers, answer the following questions:
(a) What is the probability that tomorrow's rate will be above 2.08?
Related Book For
Posted Date: