For an initial investment of 100, an investment yields returns of Xi  at the end of period i for i=1, 2 where X1 and X2 are independent normal random variables with mean 60 and variance 25.  What is the probability the rate of return of this investment is greater than 10%?

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.4: Discrete Random Variables; Applications To Decision Making
Problem 14E
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For an initial investment of 100, an investment yields returns of X at the end of period i for i=1, 2 where X1 and X2 are independent normal random variables with mean 60 and variance 25.  What is the probability the rate of return of this investment is greater than 10%?

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ISBN:
9780321964038
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GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,