Mathematics, 03.04.2020 17:32, bks53

The average annual inflation rate in the United States over the past 98 years is 3.37% and has a standard deviation of approximately 5% (Inflationdata). In 1980, the inflation rate was above 13%. If the annual inflation rate is normally distributed, what is the probability that inflation will be above 13% next year

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The average annual inflation rate in the United States over the past 98 years is 3.37% and has a sta...