Assume Z Is a Standard Normal Random Variable

question 21

Multiple Choice

Assume z is a standard normal random variable. Then P(1.20 ≤ z ≤ 1.85) equals _____.

• A) .4678
• B) .3849
• C) .8527
• D) .0829

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Definitions:

Pawn Shop

A retail business that lends money to people who bring in valuable items which they leave with the pawnbroker as collateral.

Payback Period

The time it takes for an investment to generate an amount of income or cash equal to the cost of the investment.

Initial Cost

The original cost of acquiring an asset, including purchase price and any expenses incurred to put the asset into use.