The daily price of orange juice 30-day futures is normally distributed. In March through April 2007, the
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The daily price of orange juice 30-day futures is normally distributed. In March through April 2007, the mean was 145.5 cents per pound, and standard deviation = 25.0 cents per pound.4 Assuming the price is independent from day to day, find P (x < 100) on the next day.
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Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
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