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In: Statistics and Probability

Fluctuations in the exchange rate of dollars against the pound sterling over a short time period...

Fluctuations in the exchange rate of dollars against the pound sterling over a short time period were approximated by a normal distribution with a mean of 3.20 and a standard deviation of 0.2. What is the probability that the rate on a particular day was more than 2.85?

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orchestra answered 2 years ago
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