Suppose a normal distribution
SAT SCORES: The national average SAT score is 1019. If we suppose a normal distribution with Q=90,
(a) What is the 90th percentile score?
(b) What is the probability that a randomly selected score exceeds 1200?
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How priority of different security holders in bankruptcy liquidation affects needed rate of return on different securities. Or we can say, why ond investors have lower required rates of return than stock investors?
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