THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 138

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The time it takes to assemble an electronic component is normally distributed with a mean of 17.2 minutes and a standard deviation of 3.1 minutes.
-The median score for the final exam in a statistics class was 85 and 20 percent of the students received a grade greater than 90.What is the probability that a randomly selected exam had a score between 85 and 90?

• A)80 percent
• B)30 percent
• C)50 percent
• D)There is not sufficient information to answer this question.

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Definitions:

Forward Exchange Rate

The rate agreed today for exchange of two currencies at a future date, used in forward contracts.

Interest Rate Differentials

The difference in interest rates between two distinct economic or financial regions, affecting currency values and investment flows.

Spot Exchange Rates

The contemporary exchange rate for buying or selling a currency with immediate effect.

Interest Rate Parity

A financial theory which posits that the difference between the interest rates of two countries is equal to the expected change in exchange rates between the countries’ currencies.