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[Steps Shown] pts) Assume that the percentage change in the price of oil over the next year follows a normal distribution with a mean of 0% and standard

Question: 8 pts) Assume that the percentage change in the price of oil over the next year follows a normal distribution with a mean of 0% and standard deviation of 20%. Assume the current price of oil is $100 a barrel.

What is the probability that oil will be above $150 at the end of this year?
You buy fuel for a truck fleet. For risk management purposes, find the 99 ^th percentile of the distribution of oil prices at the end of this year.

Price: $2.99

Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document

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[Steps Shown] pts) Assume that the percentage change in the price of oil over the next year follows a normal distribution with a mean of 0% and standard

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