What Two Dollar Amounts, Equidistant from the Mean of $30

question 79

Short Answer

What two dollar amounts, equidistant from the mean of $30, such that 98% of all customer purchases are between these values?

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Definitions:

Strip Bond

A financial instrument representing debt, where the main amount and the interest payments have been separated and are traded independently.

Market Rate

The prevailing interest rate available in the marketplace for loans or investments of a similar risk and maturity.

Maturity

The point at which a financial instrument, investment, or policy reaches the end of its term and is due to be repaid or terminated.

Price

The amount of money expected, required, or given in payment for something.