Question: The net present value of a project is normally distributed with an expected value of $188,280 and a standard deviation of $87,950. Determine the probability
The net present value of a project is normally distributed with an expected value of $188,280 and a standard deviation of $87,950. Determine the probability that the project will have a net present value of less than zero. (Use the Z-table which is provided at the back of the textbook.)
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
