You want to invest in companies belonging to Gispa Group of 1
Companies, Inc. so you did some research and found out that companies belonging to this group has an average gain of
0.8
percent and standard deviation of
0.7
percent. Given that a positive percent (gain) means profit and a negative percent means a loss. If you choose
20
companies, what is the probability that the companies are gaining more than
1
percent?

0.1007

Step-by-step explanation:

Given :

Average gain, μ = 0.8

Standard deviation, σ = 0.7

Number of companies, n = 20

Obtaining the standardized value ;

Zscore = (x - mean) / (σ/√n)

Zscore = (1 - 0.8) / (0.7/√20)

Zscore = (0.2 / 0.1565247)

Z = 1.27775

Using the Z probability calculator :

P(Z > 1.27775) = 0.10067

P(Z > 1.27775) = 0.1007 ( Z probability calculator)

points are handed out whenever you post answers.

brainliest answers are handed out by the person asking the question, so whether your answer is picked depends entirely on whether the asker bothers to pick

if you're asking about your rank, it depends on having a certain number of points and a certain number of brainliest answers. for example, at the time of this writing, i have 44338 points out of 15000 needed for the next (nearly triple the requirement! ) but i only have 24 out of 50 required brainliest answers. this number decays, meaning after a certain amount of time (i think about a month), the total number of brainliest answers you've earned doesn't count toward this total. (i've been stuck at the same rank for a long

the lesson to learn here is that you shouldn't worry about points or rank. chances are, no matter how good an answer you may provide, your efforts will go mostly unnoticed unless you focus on the newest/most active questions that get posted.