Marvin Lee & | 10/02/20 11:07 PM Homework: Problem Set 5 (?) Help Save t your score. Go to Score: 0.2 of 1 pt 3 of 8 (6 complete) HW Score: 55.63%, 4.45 of 8 pts 6.1.20-T Set 5 Question Help 11:59pm A private equity firm is evaluating two alternative investments. Although the returns are random, each investment's return can be described using a normal distribution. The first investment has a mean return of $2,000,000 with a standard deviation of $175,000. The second investment has a mean return of $2,225,000 with a standard 11:05pm deviation of $600,000. Complete parts a through c below. 4.45 points out of 8 a. How likely is it that the first investment will return $1,700,000 or less? The probability is 0.0436 . ONS: d per question (Round to four decimal places as needed.) ducted from final s b. How likely is it that the second investment will return $1,700,000 or less? The probability is 0.1894 . (Round to four decimal places as needed.) c. If the firm would like to limit the probability of a return being less than $1,600,000, which investment should it make? The probability of a return being less than $1,600,000 is with the first investment and with the second investment, so the firm should make the investment. (Round to four decimal places as needed.) STATISTICS FOR BUSINESS ? 2020 Pearson Education | Enter your answer in the edit fields and then click Check Answer. Clear All Check