document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=309317>Question 309317</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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 4% . Find the probability that the one-year return of this stock will be positive. Round your answer to at least four decimal places. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #221205 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=221205\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  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 4% . Find the probability that the one-year return of this stock will be positive. Round your answer to at least four decimal places.<BR>\n" );
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document.write( "z(0) = (0-4.5)/4 = -1.125<BR>\n" );
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document.write( "P(x> 0) = P(z > -1.125) = normalcdf(-1.125,100) = 0.8697<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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