Question: The probability distribution of possible net present values for project X has an expected value of $15,000 and a standard deviation of $5,000. Assuming a

The probability distribution of possible net present values for project X has an expected value of $15,000 and a standard deviation of $5,000. Assuming a normal distribution, calculate the probability that the net present value will be (i)zero or less, that (ii) it will be greater than $20,000.

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!