Question: Builtrite has calculated the average cash flow for a potential project to be $12,000 with a standard deviation of $4,500. What is the probability

Builtrite has calculated the average cash flow for a potential project to

 

Builtrite has calculated the average cash flow for a potential project to be $12,000 with a standard deviation of $4,500. What is the probability of a cash flow being greater than $9750? (Assume a normal distribution.)

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Solution To solve this problem we need to standardize the cash flow using the formula z x whe... View full answer

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