Question

The exchange rate from US Dollars (USD) to Indian Rupee (INR) is normally distributed with an...

The exchange rate from US Dollars (USD) to Indian Rupee (INR) is normally distributed with an average of 67.43 and a standard deviation of 1.2.

What proportion of exchange rates are more than 70? Enter your answer to 4 decimal places

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer: Given, let_x: The exchange rate from USD_to INR X~ N( 41= 67.43, 6= 1.2) proportion of exchange rate ore more than ie

Add a comment
Know the answer?
Add Answer to:
The exchange rate from US Dollars (USD) to Indian Rupee (INR) is normally distributed with an...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Three Exchange Rates are as follows: 1) US Dollars (USD) to Canadian Dollars (CAD) at CAD...

    Three Exchange Rates are as follows: 1) US Dollars (USD) to Canadian Dollars (CAD) at CAD 1.05 to USD 1 2) CAD to Euros (EUR) at CAD 1.08 to EUR 1 3) EUR to USD at EUR 0.9 to USD 1 Suppose you start with USD 100,000, and do one round of "triangular arbitrage", that is convert make a total of 3 foreign exchange transactions to start from USD and return to USD. What will be your profit in USD?...

  • Question 9 (1 point) Three Exchange Rates are as follows: 1) US Dollars (USD) to Canadian...

    Question 9 (1 point) Three Exchange Rates are as follows: 1) US Dollars (USD) to Canadian Dollars (CAD) at CAD 1.05 to USD 1 2) CAD to Euros (EUR) at CAD 1.08 to EUR 1 3) EUR to USD at EUR 0.9 to USD 1 Suppose you start with USD 100,000, and do one round of "triangular arbitrage". that is convert make a total of 3 foreign exchange transactions to start from USD and return to USD. What will be...

  • Today the current EUR to USD exchange rate is 1 EUR = 1.19 USD. According to...

    Today the current EUR to USD exchange rate is 1 EUR = 1.19 USD. According to the Bloomberg consensus estimate, the EUR to USD exchange rate in four years is forecasted to be 1 EUR = 1.31 USD. You begin with 100 USD today and will invest in a European security that provides 10% annual returns (in EUR). Using this information, answer the following six (6) questions. 1) Is the USD forecasted to appreciate or depreciate relative to EUR? a)...

  • Suppose that pulse rates among healthy adults are normally distributed with a mean of 79 beats/minute...

    Suppose that pulse rates among healthy adults are normally distributed with a mean of 79 beats/minute and a standard deviation of 8 beats/minute. What proportion of healthy adults have pulse rates that are more than 81 beats/minute? Round your answer to at least four decimal places.

  • A company produces steel rods. The lengths of the steel rods are normally distributed with a...

    A company produces steel rods. The lengths of the steel rods are normally distributed with a mean of 120.3-cm and a standard deviation of 1.2-cm. Find the proportion of steel rods with lengths between 121.9 cm and 122.5 cm. Enter your answer as a number accurate to 4 decimal places. Upload your image here:

  • The mean daily production of a herd of cows is assumed to be normally distributed with...

    The mean daily production of a herd of cows is assumed to be normally distributed with a mean of 32 liters, and standard deviation of 8.8 liters. A) What is the probability that daily production is between 10.7 and 50.4 liters? Do not round until you get your your final answer. Answer= (Round your answer to 4 decimal places.) Warning: Do not use the Z Normal Tables..they may not be accurate enough since WAMAP may look for more accuracy than...

  • A company produces steel rods. The lengths of the steel rods are normally distributed with a...

    A company produces steel rods. The lengths of the steel rods are normally distributed with a mean of 93.4- cm and a standard deviation of 0.6-cm. Find the proportion of steel rods with lengths between 92 cm and 95.1 cm. Enter your answer as a number accurate to 4 decimal places. A company produces steel rods. The lengths of the steel rods are normally distributed with a mean of 155.6-cm and a standard deviation of 2-cm. A steel rod is...

  • The daily milk production of a herd of cows is assumed to be Normally distributed with...

    The daily milk production of a herd of cows is assumed to be Normally distributed with a mean of 39 liters, and standard deviation of 12.9 liters. A) On what proportion of days is daily production less than 12.5 liters? Answer= (Round your answer to 3 decimal places.) B) On what proportion of days is production more than 23.6 liters? Answer= (Round your answer to 3 decimal places.)

  • Currency Appreciations and Depreciations Exercise 5 You are given two different exchange rates per pair of...

    Currency Appreciations and Depreciations Exercise 5 You are given two different exchange rates per pair of currencies. Determine whether the currency in question appreciated or depreciated. Mark the correct column. NOTE: You are given a mixture of direct and indirect quotes Dates Exchange Rate Currency to Consider Appreciated Depreciated 4/24/2003 4/28/2003 0.91130 EUR/USD 0.90630 EUR/USD EUR 6/17/1997 1/13/1998 23.2 BHT/USD 55.8 BHT/USD BHT 4/25/2002 4/26/2002 1.6430 CHF/USD 0.6140 USD/CHF CHF 6/26/2002 0.0008324 USD/KRW 2/18/2003 0.0008286 USD/KRW KRW 1/30/1999 2/5/2001 1.0038...

  • The weight of people in a small town in Missouri is known to be normally distributed...

    The weight of people in a small town in Missouri is known to be normally distributed with a mean of 177 pounds and a standard deviation of 28 pounds. On a raft that takes people across the river, a sign states, “Maximum capacity 3,528 pounds or 18 persons.” What is the probability that a random sample of 18 persons will exceed the weight limit of 3,528 pounds? Use Table 1. (Round “z” value to 2 decimal places, and final answer...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT