THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 2

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
You have recently joined a country club.Suppose that the number of times you expect to play golf in a month is represented by a normally distributed random variable with a mean of 10 and a standard deviation of 2.4.
-Over the course of the next year,what is the probability that you average more than 11 games a month?

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Definitions:

Inflation Rate

The percentage increase in the price level of goods and services in an economy over a period of time, reflecting the purchasing power of currency.

Government Deficit

Government Deficit occurs when a government's expenditures exceed its revenues within a specific fiscal period, leading to borrowing or using saved reserves.

Risk-free Interest Rate

The rate of return on an investment with no risk of financial loss, often associated with government bonds.

Foreign Trade Surplus

A situation where a country's exports exceed its imports over a given period, indicating a positive balance of trade.