Determine profit from an investment is normally distributed, Operation Management

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Determine profit from an investment is normally distributed

Assignment:

The profit (or loss) from an investment is normally distributed with a mean of $11,200 standard deviation of $8,250.

a. What is the probability that there will be a loss rather than a profit?

b. Find x such that the probability that the profit will exceed x is 25%.

c. If the loss exceeds $10,000 the company will have to borrow additional cash. What is the probability that the company will have to borrow additional cash?

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Operation Management: Determine profit from an investment is normally distributed

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