Answer:
12 brown
Step-by-step explanation:
Answer:
The value of ROE that will be exceeded by 78% of the firms is -1.77%.
Step-by-step explanation:
Problems of normally distributed samples can be solved using the z-score formula.
In a set with mean
and standard deviation
the zscore of a measure X is given by:

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
In this problem, we have that:
The mean ROE for the firms studied was 14.93% and the standard deviation was 21.74%. This means that 
What value of ROE will be exceeded by 78% of the firms?
This is the value of X when Z has a pvalue of 1-0.78 = 0.22.
This is 
So:




The value of ROE that will be exceeded by 78% of the firms is -1.77%.
<h2>
Answer:</h2>
The type of reasoning which starts with a given set of rules and conditions to determine what must be true is:
Deductive Reasoning.
<h2>
Step-by-step explanation:</h2>
Deductive Reasoning--
It is a logical reasoning that starts with a general set of premises or statements and reach to a specific conclusion.
It is different from the inductive reasoning in the way that the inductive reasoning starts with a set of specific set of rules and reach to a general conclusion.
9 - 6 = 3
so 3 + 6 = 9 which is an addition equation that helps you find the answer.