Use the Normal Distribution to Approximate the Desired Probability

question 87

Multiple Choice

Use the normal distribution to approximate the desired probability.
-Find the probability of selecting 12 or more girls.

• A)0.001
• B)0.007
• C)0.006
• D)0.022

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Definitions:

Net Present Value

A financial metric that calculates the value of a series of future cash flows in today's dollars, taking into account the time value of money.

Incremental Taxable Income

The additional amount of income that is subject to taxes, usually resulting from an increase in earnings or gains.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on income or property.

After-Tax Discount Rate

The after-tax discount rate is the rate used to discount future cash flows back to their present value, accounting for taxes, and is crucial in evaluating the after-tax net present value of future cash flows.