Bakers Ltd is currently in the process of reviewing the credit line available to supermarkets who they have defined as a ‘good’ or ‘bad’ risk. Based upon a £100,000 credit line the profit is estimated...


Bakers Ltd is currently in the process of reviewing the credit line available to supermarkets who they have defined as a ‘good’ or ‘bad’ risk. Based upon a £100,000 credit line the profit is estimated to be £25,000 with a standard deviation of £5000. Calculate the probability that the profit is greater than £28,000.



May 04, 2022
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