1 answer

A consensus forecast is the average of a large number of Individual analysts' forecasts. Suppose the...

Question:

A consensus forecast is the average of a large number of Individual analysts forecasts. Suppose the individual forecasts for

A consensus forecast is the average of a large number of Individual analysts' forecasts. Suppose the individual forecasts for a particular Interest rate are normally distributed with a mean of 3 percent and a standard devlation of 1.3 percent. A single analyst Is randomly selected. Find the probability that his/her forecast Is (e) At least 4.0 percent. (Round the z value to 2 decimal places. Round your answer to 4 decimal places.) P (b) At most 7 percent. (Round the z value to 2 decimal places. Round your answer to 4 decimal places.) P (c) Between 4.0 percent and 7 percent. (Round the z value to 2 decimal places. Round your answer to 4 decimal places.)

Answers

Solution Given thelt 0.03 61.3 0/0= 0.013 4.0 o/o PlX20.04) 1IP(xS0.64) Zrul 0-04-0.03 O-013 -P 6 1-P Z¢ C.013 1-P NAO- 7 1-07 0/0 O-013 0-04 O-a13 P z 3.08 O.9990 PLx 0.07) = 0-9940 Probdbility0.qa9040 ०/० - 0-64 ०/० - ০ .০। PCo -०4 < x <0 -०7) 0- ০4- 0-०3 ৫- ০|3 <X-च < ০°०+ -0০ ০০ ।3 P P 0 - ৫4 ০-०| 3 ০০] ০- ০}3 ८ Z. ८ =P

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