Question

Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 6.5 % and a standard deviation of 4% . Find the probability that the one-year return of this stock will be positive. Round your answer to at least four decimal places.

Name: suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 65 and a standard deviation of 4 find the probability that the one year return of this st
Uploaded: 2023-11-08T22:37:10-08:00
Duration: 1 min 31 s
Channel: Hoan Nguyen
Description: suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 65 and a standard deviation of 4 find the probability that the one year return of this st

          Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 
6.5
% and a standard deviation of 
4%
. Find the probability that the one-year return of this stock will be positive. Round your answer to at least four decimal places.

Added by May P.

Instant Answer

Solved by Expert Hoan Nguyen

11/08/2023

Step 1

The mean is 6.5% which is equivalent to 0.065 in decimal form. The standard deviation is 4% which is equivalent to 0.04 in decimal form. Show more…

Show all steps

Thanks for your feedback!

Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 6.5 % and a standard deviation of 4% . Find the probability that the one-year return of this stock will be positive. Round your answer to at least four decimal places.