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Business, 31.01.2022 18:20 sl1010

A consensus forecast is the average of a large number of individual analysts' forecasts. Suppose the individual forecasts for a particular interest rate are normally distributed with a mean of 6 percent and a standard deviation of 1.8 percent. A single analyst is randomly selected. Find the probability that his/her forecast is at least 3.1 percent.

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A consensus forecast is the average of a large number of individual analysts' forecasts. Suppose the...
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