Important model in statistical analysis

Assignment Help Operation Management

Reference no: EM132134089

1. Suppose you are interested in an investment with an uncertain return. You think that the return could be modeled as a normal random variable with mean $2000 and standard deviation $1500. What is the probability that the investment will end up with a loss? What is the probability that the return will be greater than $3000?

2. Normal Distribution Model is a very important model in statistical analysis. To use this model, data have to be normally distributed. What does that mean? What are the assumptions that your data need to satisfy before you can apply the Normal Distribution Model. Write a one to two pages summary paper about the assumptions. Reference your sources using Harvard citation style.

Reference no: EM132134089

Questions Cloud

Post each transaction to the appropriate ledger accounts : ACCT 7770 Corporate Accounting Assignment, Hong Kong Baptist University, Hong Kong. Post each transaction to the appropriate ledger accounts

Main reason is deliberate government policy : Singapore cars are the world’s most expensive. A main reason is deliberate government policy.

Types of costs in the airline industry : What environmental factors have affected the types of costs in the airline industry after 2001 - What specific tactics has Southwest deployed to blunt

In what ways are each of these lines true of all humans : Every person is like every other person. Every person is like some other person. Every person is like no other person.

Important model in statistical analysis : Normal Distribution Model is a very important model in statistical analysis. To use this model, data have to be normally distributed. What does that mean?

What are all possible solutions of the problem : For fifteen years I spent almost half of every business day holding conferences, discussing problems. Should we do this or that-or nothing at all?

Describe the lifespan development issues : Review Kubler-Ross's stages of dying. How might these same or similar stages be experienced by grieving loved ones after a person's death?

How do you respond to kevin in a professional way : How do the salespersons' self-perceptions or perceptions of others help to improve their communication in a professional setting?

Identify and evaluate at least three considerations : Identify and evaluate at least three considerations that one must plan for when designing a database.

User Account

All Pages