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 blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!