[Solved] Consider the following context: According to records at Acme Assets, the returns on their diversified assets portfolios follow a normal distribution.
Question: Consider the following context: According to records at Acme
Assets, the returns on their diversified assets portfolios follow a normal distribution. A sample
of equivalent substantial investments in these diversified assets portfolios yielded a mean annual
dividend of $125 with a standard deviation of $20. Finn, a financial advisor at Acme, randomly
selects an individual investment from these portfolios so to review its annual yield.
[COMMENTS & HINTS: In cases where the Empirical Rule generalities readily apply, do the
more precise computations anyway to affirm answers. Please be precise in your approximations!
Are these probability events inclusive or exclusive of boundary values for the random variables?
Does it matter?! Bonus credit available: the last item counts as extra credit*. Utilize the final
answer rounded to four decimal places # # # .#0 and then express it as a percentage as
follows: #% #.# # or #% #.# Ex: Express 0.8765 as 87.65% or 0.0123 as 1.23%]
What is the chance an investment yielded a dividend of more than $110?
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