Question 3 2 pts Builtrite has calculated the average cash flow to be $16,000 with a...

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Question 3 2 pts Builtrite has calculated the average cash flow to be $16,000 with a standard deviation of $4000. What is the

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Answer 1

Answer #1

Z = (X - Mean) / standard deviation
= ($11,000 - $16,000) / $4000
= -$5000 / $4000
= -1.25

Z value lower than -1.25 is 0.1056

Probability of a cash flow being greater than $11,000 = 1 - 0.1056
= 0.8944 or 89.44%

Probability of a cash flow being greater than $11,000 = 89.44%

Answer 2

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