Determine probability that price in will be given value


Assume present price of gold is $930/Ounce. Assume also that price 1 month from today has the normal distribution with mean =940 and standard deviation =15. Determine probability that price in 1 month will be at least 950/Ounce.

Request for Solution File

Ask an Expert for Answer!!
Mathematics: Determine probability that price in will be given value
Reference No:- TGS0867388

Expected delivery within 24 Hours