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%.
Answer:
12/7 is a improper fraction
Step-by-step explanation:
as a decimal it is 1.71428571429 and as a mixed number it is 1 5/7
Answer: could you please be more clear..?
Step-by-step explanation:

each shirt costs $6

The percent markup is about 66.7%
Answer:

option 2
Step-by-step explanation:
In this number line, each interval equals 1/4.
P represents 1 1/4
So, opposite of number P is (
)