document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=886687>Question 886687</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose that the daily % return on a Microsoft share during 2013 has a normal distribution with mean 0.241 and standard deviation 1.8.What is the probability that the daily return will exceed 2% on a given day. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #536088 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=536088\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Suppose that the daily % return on a Microsoft share during 2013 has a normal distribution with mean 0.241 and standard deviation 1.8.What is the probability that the daily return will exceed 2% on a given day.<BR>\n" );
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document.write( "z(0.02) = (0.02-0.24)/1.8 = -0.1222<BR>\n" );
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document.write( "P(x > 0.02) = P(z > -0.1222) = normalcdf(-0.1222,100) = 0.5486<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.\r<BR>\n" );
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