Ceasar opens a bank account and makes an initial deposit of $800. The banker tells Ceasar that he is going to receive an annual
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The probability is 0.8997.
We will use a z-score to answer this question. z-scores are given by the formula
With our information, we have
Looking this up in a z-table (http://www.z-table.com) we see that the area to the left of this (everything less than, up to this value) is 0.8997.
We will use a z-score to answer this question. z-scores are given by the formula
With our information, we have
Looking this up in a z-table (http://www.z-table.com) we see that the area to the left of this (everything less than, up to this value) is 0.8997.