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grosu
New Member
Israel
1 Posts |
 Posted - 09/18/2007 : 07:37:21
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Hi,
I need to know the probability of exceeding a specific value when the change in the value is distributed normally.
For example, suppose a toy car costs initially 10$. Now, the value of the car changes with normal distribution, i.e. with zero mean and variance of one.
I need to know how to calculate the probability of the car costs over 13$. Moreover, how to calculate the time estimation for this to happen (I guess the time scale is derived from the rate of change in the value)?
Can anyone help? |
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