What is the standard deviation of the market portfolio if the standard deviation of a fully diversified portfolio with a beta of
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Answer:
P(X 74) = 0.3707
Step-by-step explanation:
We are given that the score of golfers for a particular course follows a normal distribution that has a mean of 73 and a standard deviation of 3.
Let X = Score of golfers
So, X ~ N()
The z score probability distribution is given by;
Z = ~ N(0,1)
where, = population mean = 73
= standard deviation = 3
So, the probability that the score of golfer is at least 74 is given by = P(X 74)
P(X 74) = P(
) = P(Z
0.33) = 1 - P(Z < 0.33)
= 1 - 0.62930 = 0.3707
Therefore, the probability that the score of golfer is at least 74 is 0.3707 .