Question: The returns from a project are normally distributed with a mean of 220,000 and a standard deviation of 160,000. If the project loses more than

The returns from a project are normally distributed with a mean of £220,000 and a standard deviation of £160,000. If the project loses more than £80,000 the company will be made insolvent. What is the probability of insolvency?

Step by Step Solution

3.44 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

80000 220000 1... View full answer

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

Document Format (1 attachment)

Word file Icon

810-B-F-F-M (7367).docx

120 KBs Word File

Students Have Also Explored These Related Finance Questions!