SOLUTION: I need help on the z score formula I am working on a question of a mutual fund manager reviews the account what is the probability the value will have a value of $60,000

SOLUTION: I need help on the z score formula I am working on a question of a mutual fund manager reviews the account what is the probability the value will have a value of $60,000 - $69,000.

Question 469974: I need help on the z score formula I am working on a question of a mutual fund manager reviews the account what is the probability the value will have a value of $60,000 - $69,000. The mean is 60,000 and the standard deviation is $6,000
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
what is the probability the value will have a value of $60,000 - $69,000. The mean is 60,000 and the standard deviation is $6,000
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z(60000) = (60000-60,000)/6000 = 0
z(69000) = (69000-60000)/6000 = 9/6 = 1.5
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P(60000< x < 69000) = P(0< z < 1.5) = 0.4332
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Cheers,
Stan H.
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