Normal distribution with a mean
Scores upon an exam follow an approximately Normal distribution with a mean of 76.4 and a standard deviation of 6.1 points. What is the minimum score you would need to be in the top 10%?
1.28
84.2
86.4
78.6
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For the following events, explain how each event affects Corey's liabilities, assets, wealth and saving. Treat each event as independent and separate from each other.
The six largest manufacturers of ready-to-eat breakfast cereals shared 95 percent of the market in the early 1970s. Over the proceeding 20 years, these manufacturers introduced over 80 new varieties of cereals.
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The Capital Asset Pricing Model is a financial model that supposes returns on portfolio are normally distributed. Assume a portfolio has an average annual return of 14.7% (i.e. an average gain of 14.7%) with standard deviation of 33%.
Find out at the 5% level of significance, weather the processor should reject this shipment. Carry out the appropriate hypothesis test and state your conclusion.
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