document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=829891>Question 829891</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose that the dividends of dividend-paying stocks are normally distributed with a mean of 3.35% (as a percentage of the share price) and a standard deviation of 0.98%. In a sample of 50 dividend-paying stocks, what is the probability that the average dividend will be 3.50% or greater? (please round your answer to 4 decimal places) <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #500193 by </B><A HREF=/tutors/aboutme.mpl?userid=reviewermath><B>reviewermath(1029)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=reviewermath><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/cgi-bin/show-face.mpl?user=reviewermath><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=500193\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Question:<BR>\n" );
document.write( "Suppose that the dividends of dividend-paying stocks are normally distributed with a mean of 3.35% (as a percentage of the share price) and a standard deviation of 0.98%. In a sample of 50 dividend-paying stocks, what is the probability that the average dividend will be 3.50% or greater? (please round your answer to 4 decimal places) <BR>\n" );
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document.write( "Answer:<BR>\n" );
document.write( "Type =1-normsdist((3.50-3.35)/(0.98/sqrt(50))) in Excel, then enter.<BR>\n" );
document.write( "The result is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%280.1396%29 ALIGN=MIDDLE  ALT=\"highlight%280.1396%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >. </SPAN>\n" );
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