The daily exchange rates for the? five-year period 2003 to 2008 between currency A and currency...

90.2K

Verified Solution

Question

Basic Math

The daily exchange rates for the? five-year period 2003 to 2008between currency A and currency B are well modeled by a normaldistribution with mean 1.814 in currency A? (to currency? B) andstandard deviation 0.035 in currency A. Given this? model, andusing the? 68-95-99.7 rule to approximate the probabilities ratherthan using technology to find the values more? precisely, completeparts? (a) through? (d).
Question: ?a) What would the cutoff rate be that would separatethe highest 2.5?% of currency? A/currency B? rates? The cutoff ratewould be ___ (type an integer or a decimal rounded to thenearest thousandth as needed)
Question: What would the cutoff rate be that would separate thehighest 50% ? The cutoff rate would be _
Question: What would the cutoff rate be that would separate themiddle 68% ? The lower cutoff rate would be
Question: The upper cutoff rate would be ?
Question: What would the cutoff rate be that would separate thehighest 16%? __

Answer & Explanation Solved by verified expert

4.5 Ratings (824 Votes)

Using the 6895997 rule we can write 68 values lie between mean standard deviation mean standard deviation 1814 0035 1814 0035 1779 1849 95 values lie between mean 2standard See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member