Assume That X Has a Normal Distribution, and Find the Indicated

question 104

Multiple Choice

Assume that X has a normal distribution, and find the indicated probability.
-The mean is $\mu = 15.2$ and the standard deviation is $\sigma = 0.9$ . Find the probability that $X$ is greater than 17.

• A)0.9713
• B)0.9772
• C)0.0228
• D)0.9821

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Definitions:

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, which does not necessarily match the market value.

Legal Capital

The minimum amount of capital that a company is required to maintain by law, often to protect creditors from the company's potential losses.

Treasury Stock

Treasury stock refers to shares that were once part of the outstanding shares of a company but were repurchased by the company itself.

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders but not retired, thus reducing the amount of outstanding stock on the open market.