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a.Suppose we assume that unemrate is normally distributed with mean 5.57% and standard deviation 1.51%. What...

a.Suppose we assume that unemrate is normally distributed with mean 5.57% and standard deviation 1.51%. What is the probability of picking a person at random who faces an unemployment rate less than 4%?

i. What is the probability of picking a person who faces an unemployment rate greater than 7%, assuming the unemployment rate is normally distributed as in question a?

ii. What is the 98th percentile of unemrate, assuming it is normally distributed as in question a?

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