Question: A proposed factory expansion project has an expected net present value of $180,000 with a standard deviation of $230,000. What is the probability that the
A proposed factory expansion project has an expected net present value of $180,000 with a standard deviation of $230,000. What is the probability that the project will have a negative net present value, assuming that net present value is normally distributed? Use Table V to answer the question. Round z value in intermediate calculation to two decimal places. Round your answer to two decimal places.
%_____
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
