# 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 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.)

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