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April 21, 2014

Homework Help: statistics

Posted by Anonymous on Sunday, February 19, 2012 at 11:15pm.

An investment broker reports that the yearly returns on common stocks are approximately normally distributed with a mean return of 12.4 percent and a standard deviation of 20.6 percent. On the other hand, the firm reports that the yearly returns on tax-free municipal bonds are approximately distributed with a mean 5.2 percent and a standard deviation of 8.6 percent. Find the probability that a randomly selected
a. Common stock will give a positive yearly return.

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