Suppose the returns on long-term corporate bonds and T-bills are normally distributed. Assume for a certain time period, long-term corporate bonds had an average return of 6.9% and a standard deviation of 9.9%. For the same period, T-bills had an average return of 5.4% and a standard deviation of 4.1%. Use the NORMDIST function in Excel to answer the following questions: a. What is the probability that in any given year, the return on long-term corporate bonds will be greater than 10 percent? Less than 0 percent? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the probability that in any given year, the return on T-bills will be greater than 10 percent? Less than 0 percent? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) c. In one year, the return on long-term corporate bonds was -5.6 percent. How likely is it that such a low return will recur at some point in the future? T-bills had a return of 12.02 percent in this same year. How likely is it that such a high return on T-bills will recur at some point in the future? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

e2x – 5 = 1000

Jada’s home is 3 4/10 miles from the library. Tyler’s home is 1 6/10 miles from the library. How many miles farther is Jada’s home than Tyler’s home from the library? Answer Choices:    2 2/10 miles 1 14/10 miles  1 8/10 miles  2 miles Which one should i choose

4 x 18 5      7