Using the cumulative standard normal distribution table (Z-t…
Using the cumulative standard normal distribution table (Z-table) below, and the formula for Z below, answer the following questions. Assume you are measuring the depth of a particular part of the ocean, and that those depth measurements are normally distributed with a mean depth of 450 meters and a standard deviation of 50 meters. What is the probability that a location chosen at random in this body of water will have a depth of 350 meters or less: [prob1] Give your answer as a decimal to four places. What is the probability that any location chosen at random will have a depth of 500 meters or less: [prob2] Give your answer as a decimal to four places. What percentage of the body of water that is greater than 525 meters in depth: [percent1] Give your answer as a percentage to two decimal places. What percentage of the body of water is between 375 and 475 meters in depth: [percent2] Give your answer as a percentage to two decimal places.
Read DetailsWill Co. is expected to pay a dividend of $2 per share at th…
Will Co. is expected to pay a dividend of $2 per share at the end of year 1, and the dividends are expected to grow at a constant rate of 4 percent forever. If the current price of the stock is $20 per share, calculate the required rate of return for this stock (the cost of equity for the firm). You can use the following growing perpetuity formula to solve this problem.
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