Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 4.5% and a standard deviation of 5%. Find the probability that the one-year return of...


Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 4.5% and a standard deviation of 5%. Find<br>the probability that the one-year return of this stock will be positive. Round your answer to at least four decimal places.<br>

Extracted text: Suppose that the annual rate of return for a common biotechnology stock is normally distributed with a mean of 4.5% and a standard deviation of 5%. Find the probability that the one-year return of this stock will be positive. Round your answer to at least four decimal places.

Jun 10, 2022
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