The Random Variable X Is Normally Distributed with Mean of 80

question 30

Short Answer

The random variable X is normally distributed with mean of 80 and standard deviation of 10. What is the probability that a value of X chosen at random will be between 70 and 90?
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Definitions:

Redeemable

Refers to an item or financial instrument that can be converted into cash or another financial instrument.

Bond Indenture

The contract between a corporation issuing bonds and the bondholders.

Amortization

The process of gradually writing off the initial cost of an intangible asset over a fixed period of time in a manner similar to depreciation of physical assets.

Bond Premiums

The amount by which the selling price of a bond exceeds its face value.