Description
- The random variable x represents the number of boys in a family of three children. Assuming that boys and girls are equally likely
- Identify the sample space of the probability experiment (use B for boy and G for girl.)
- Construct a probability distribution
- Graph the probability distribution
2. A firm believes the internal rate of return for its proposed investment can best be described by a normal distribution with mean 44% and standard deviation 3%.
- What is the probability that the internal rate of return for the investment will be between 41% and 47%?
- What is the probability that the internal rate of return for the investment will be more than 44%?
- What is the probability that the internal rate of return for the investment will be less than 35%? Use the Excel templet for this part.
- What is the probability that the internal rate of return for the investment will be more than 35%? Use the Excel templet for this part.
** The assignment is to be worked using the Excel spread sheet given in the attachment.
Unformatted Attachment Preview
Purchase answer to see full attachment