document.write( "Question 1100875: consider that the historical return of an investment follows a normal distribution with a mean of 2000 dollars and a standard deviation of 300 dollars. what is the upper limit for which 60% of all investment return values are located given that the lower limit is at 1450 dollars? \n" ); document.write( "
| Algebra.Com's Answer #715404 by stanbon(75887)      You can put this solution on YOUR website! consider that the historical return of an investment follows a normal distribution with a mean of 2000 dollars and a standard deviation of 300 dollars. what is the upper limit for which 60% of all investment return values are located given that the lower limit is at 1450 dollars? \n" ); document.write( "--- \n" ); document.write( "z(1450) = (1450-2000)/300) = -1.8333 \n" ); document.write( "--- \n" ); document.write( "Find the area to the left of z = -1.8333 \n" ); document.write( "normalcdf(-100,-1.8333) = 0.0333 \n" ); document.write( "=== \n" ); document.write( "Add 0.6 to get area to upper limit = 0.6333 \n" ); document.write( "--- \n" ); document.write( "Find the z-value with a left tail of 0.6333 \n" ); document.write( "invNorm(0.6333) = 0.341 \n" ); document.write( "------ \n" ); document.write( "Find the corresponding dollar value \n" ); document.write( "x = 0.341*300+2000 = $2102.24 \n" ); document.write( "--------------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "---------- \n" ); document.write( " |