Assignment:
According to global analyst Olivier Lemaigre, the average price-to-earnings ratio for companies in emerging markets is 12.5.3 Assume a normal distribution and a standard deviation of 2.5. If a company in emerging markets is randomly selected, what is the probability that its price-per-earnings ratio is above 17.5, which, according to Lemaigre, is the average for companies in the developed world?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.