The price of xyz corporation stock is normally distributed, Ask an Expert

Statistics

Probability based on Normal distribution.

The price of XYZ Corporation stock is normally distributed throughout the year with a mean of $42.00 per share and a standard deviation of $2.25 per share. Suppose that the stock is traded 240 days out of the year.

a. What percent of days is the price over $45.00?

b. What percent of days is the price between $38.00 and $40.00?

c. What is the stock's value at its highest on 15 days of the year? (Assume that there are 240 trading days in a year).

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M920133

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