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The returns from a project are normally distributed with a mean of $200,000 and a standard deviation of $160,000.
If the project loses more than $100,000 the company will be in financial difficulties.
What is the probability of the project losing more than $100,000?
Answer is 3%
z=(200000-100000)/160000
z=0.625
In standard normal distribution table value of 0.62=0.2324
0.5 -0.23=0.27 0r 27%Can you tell me where I went wrong?
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