the rate of return for an investment can be described by a normal distribution with mean 22% and standard deviation 3%. what is the probability that the rate of return for the investment will be at least 15%?

Question

the rate of return for an investment can be described by a normal distribution with mean 22% and standard deviation 3%.  what is the probability that the rate of return for the investment will be at least 15%?

PsyDAG · Answer

Z = (score-mean)/SD Find table in the back of your statistics text labeled something like "areas under normal distribution" to find the proportion related to that Z score.