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The daily exchange rates for the five-year period 2003 to 2008 between currency A and currency B are well modeled by a n
Posted: Mon Jul 11, 2022 11:55 am
by answerhappygod
- The Daily Exchange Rates For The Five Year Period 2003 To 2008 Between Currency A And Currency B Are Well Modeled By A N 1 (44.32 KiB) Viewed 35 times
The daily exchange rates for the five-year period 2003 to 2008 between currency A and currency B are well modeled by a normal distribution with mean 1.258 in currency A (to currency B) and standard deviation 0.048 in currency A. Given this model, and using the 68-95-99.7 rule to approximate the probabilities rather than using technology to find the values more precisely, complete parts (a) through (d). a) What would the cutoff rate be that would separate the lowest 16% of currency A/currency B rates? The cutoff rate would be (Type an integer or a decimal rounded to the nearest thousandth as needed.) Get more help. Clear all Check answer C