Correct answer is: P(x<6) is 0.123 and it is usual.
Solution:-
Given that the time a person takes to decide which shoes to purchase follows normal distribution. Which has mean = 8.21 minutes and standard deviation 1.90
Then probability of individual takes less than 6 minutes is
P(X<6) = 
= 
= 0.1230
Typically we say an event with a probability less than 5% is unusual.
But here P(X<6) = 0.123 is greater than 5% hence this is usual.
Answer:
0.02 or 2% = Beta
Step-by-step explanation:
Given that,
Risk-free rate = 7 percent
Expected return on the market = 10 percent
Expected return on Security J = 13 percent
Therefore, the beta of Security J is calculated as follows;
Expected return on Security J = Risk-free rate + Beta (Expected return on the market - Risk-free rate)
13 percent = 7 percent + Beta (10 percent - 7 percent)
0.13 - 0.07 = 0.03 Beta
0.06 = 0.03 Beta
0.06 ÷ 0.03 = Beta
0.02 or 2% = Beta
The two numbers are 14 and 15.
The number before the decimal and the first number after the decimal and the last number
