[Solution] According to global analysis Olivier Lemaigre, the average price-to-earnings ratio for companies in emerging markets is 12.5. Assume a normal
Question: According to global analysis Olivier Lemaigre, the average price-to-earnings ratio for companies in emerging markets is 12.5. Assume a normal distribution and a standard deviation of 2.5. If a company in emerging markets is randomly selected, what is the probability that its price-per-earnings ratio is above 12.5, which, according to Lemaigre, is the average for the companies in the developed world?
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