Author Question: Assuming that the change in daily closing prices for stocks on the New York Stock Exchange is a ... (Read 63 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
Assuming that the change in daily closing prices for stocks on the New York Stock Exchange is a random variable that is normally distributed with a mean of 0.35 and a standard deviation of 0.33.
 
  Based on this information, what is the probability that a randomly selected stock will be lower by 0.40 or more?A) 2.27
  B) 0.4884
  C) 0.0116
  D) 0.9884

Question 2

What is the likelihood of finding a price between 3.71 and 3.85 for a gallon of gasoline from a normally distributed population of gas prices? Assume  = 3.78 and  = 0.05.
 
  A) 0.4974
  B) 0.9948
  C) 0.8385
  D) 0.2487



Awesome

  • Sr. Member
  • ****
  • Posts: 280
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

For a complete list of videos, visit our video library