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The Wall Street Journal reported that long term Treasury bonds had a mean return of 24.03%...

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Statistics

The Wall Street Journal reported that long term Treasury bondshad a mean return of 24.03% in 2008. Assume that the returns forthe long term Treasury bonds were distributed as a normal randomvariable, with a mean of 24.03 and a standard deviation of 10. Ifyou select an individual Treasury bond from this population, whatis the probability that it would have a return of...

a. less than 0 (a loss)?
b. between 10 and 20 ?
c. greater than 10 ?

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