1 the price of a share of kraft stock is normally, Ask an Expert

Statistics

1. The price of a share of Kraft stock is normally distributed with mean 33.30 and standard deviation 6.10 What is the probability that on a randomly chosen day in the period for which our assumptions are made, the price of the stock will be more than $40 per share? Less than $30 per share?

2. The amount of oil pumped daily at Standard Oil's facilities in Prudhoe Bay is normally distributed with mean 800,000 barrels and standard deviation 10,000. In determining the amount of oil the company must report as its lower limit of daily production, the company wants to choose an amount such that for 80% of the days, at least the reported amount x is produced. Determine the value of the lower limit x.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91676595
Price:- $12

Guranteed 24 Hours Delivery, In Price:- $12

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Billy currently has 500 in an account that earns 12 apr

Billy currently has $500 in an account that earns 12% APR, compounded monthly. Assuming he doesn't withdraw any of the funds, how much will his balance be in 6 years?

A musical instruments retailer has 10000 point-of-sale

A musical instruments retailer has 10,000 point-of-sale transactions out of which 1500 sales included both items of electric guitars and guitar cases, and out of which 750 had sales of new strings. If the electric guitar ...

Confidence intervals ci are one of the simpler forms of

Confidence intervals (CI) are one of the simpler forms of inferential statistics. What does the CI represent? And why does our knowledge of the Central Limit Theorem (CLT) and the empirical rule let us understand why the ...

Estimate the proportion of people in various states that

Estimate the proportion of people in various states that will use the courior services. Suppose the true proportion is 0.03. If 476 are sampled, what is the probability that the sample proportion will be less than 0.04?

Suppose thatnbspx1nbspx2 nbspx100nbspis a sample from a

Suppose that X 1 , X 2 , ..., X 100 is a sample from a normal distribution whose Sample Mean has a N (3,3) distribution. What is the population distribution? (note: specify parameters of the distribution)

A governments department of transportation reported that in

A? government's department of transportation reported that in? 2009, airline A led all domestic airlines in? on-time arrivals for domestic? flights, with a rate of 83?%. Complete parts a through e below. a. What is the p ...

Hospital waiting room times are normally distributed with a

Hospital waiting room times are normally distributed with a mean of 38.12 minutes and a standard deviation of 8.63 minutes. What is the shortest wait time that would still be in the worst 20% of wait times?

A bottle of water is supposed to have 20 ounces the

A bottle of water is supposed to have 20 ounces. The bottling company has determined that 98% of bottles have the correct amount. Which of the following describes a binomial experiment that would determine the probabilit ...

Calculate the rate of return available to shareholders for

Calculate the rate of return available to shareholders for a company financing $1 million of assets with the following three arrangements: i. all equity ii. 50 percent equity and 50 percent debt at an interest rate of 12 ...

Suppose the timing device used in the mens race failed to

Suppose the timing device used in the men's race failed to activate at the start of the race and instead began to record the times seconds into the race. Consider how the competitors' times would be affected. Would the s ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert