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Question - Toby's Trucking Company determined that the distance travelled per truck per year is normally distributed, with a mean of 50 thousand miles and a standard deviation of 12 thousand miles.
Required -
a. What proportion of trucks can be expected to travel between 34 and 50 thousand miles in a year?
b. What percentage of trucks can be expected to travel either less than 30 or more than 60 thousand miles in a year?
c. How many miles will be travelled by at least eighty percent of the trucks?
At the time of issuance, the market interest rate for similar financial instruments is 12%. Determine the selling price of the bonds
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What is the total amount invested (total paid-in-capital) by all stockholders as of May 9?
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