Question

# Hello all,

I'm a bit stuck on how to calculate Question F)

I'm just

wondering if it's a binomial or poisson approximation, or if it's something even simpler than that?

For example using the Binomial Approximation -

n = 100, p = 0.70, q = 0.30

np = 70 std dev = SQRT (100 * 0.70 * 0.30) = 4.5826

P( X equal to or greater than 0.70) = 0.80 - 0.75 / 4.5826

Z score = 0.01

= 0.50399 50.40%

Not sure if this is the right approach before proceeding onto the 0.84, 0.88 and 0.92 Mean SGR Values.

### Recently Asked Questions

- Which one of these conditions must exist if the standard deviation of a portfolio comprised of two securities is to be less than the weighted average of the

- What is the difference between a series of payments and an annuity? What are the two specific characteristics of a series of payments that make them an annuity?

- How to solve number 5 and 6? Answers and work needed.