2. A firm of stockbrokers will on average handle 2,500 shares a day with a standard deviation of 250 shares. If the number of shares sold is normally distributed, find the answers to the following questions: (a) What is the probability that more than 2,700 shares will be sold in one day? (b) What is the probability that less than 1,900 shares are sold on any one day? (c) What is the probability that the stockbrokers will sell between 2,300 and 2,550 shares a day? (d) What is the probability that they will sell either more than 3,125 or less than 2,000 shares in a day?
2. A firm of stockbrokers will on average handle 2,500 shares a day with a standard deviation of 250 shares. If the number of shares sold is normally distributed, find the answers to the following questions: (a) What is the probability that more than 2,700 shares will be sold in one day? (b) What is the probability that less than 1,900 shares are sold on any one day? (c) What is the probability that the stockbrokers will sell between 2,300 and 2,550 shares a day? (d) What is the probability that they will sell either more than 3,125 or less than 2,000 shares in a day?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question

Transcribed Image Text:2. A firm of stockbrokers will on average handle 2,500 shares a day with a standard
deviation of 250 shares. If the number of shares sold is normally distributed, find the
answers to the following questions:
(a) What is the probability that more than 2,700 shares will be sold in one day?
(b) What is the probability that less than 1,900 shares are sold on any one day?
(c) What is the probability that the stockbrokers will sell between 2,300 and 2,550
shares a day?
(d) What is the probability that they will sell either more than 3,125 or less than 2,000
shares in a day?
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
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