For 300 trading days, the daily closing price of a stock (in $) is well modeled by a Normal model with a mean of $195.03and a standard deviation of $ 7.15. According to this model, what is the probability that on a randomly selected day in this period the stock price closed as follows? a) above $209.33? b) below $202.18? c) between $180.73 and$209.33? d) Which would be more unusual, a day on which the stock price closed above$210 or below $190?
For 300 trading days, the daily closing price of a stock (in $) is well modeled by a Normal model with a mean of $195.03and a standard deviation of $ 7.15. According to this model, what is the probability that on a randomly selected day in this period the stock price closed as follows? a) above $209.33? b) below $202.18? c) between $180.73 and$209.33? d) Which would be more unusual, a day on which the stock price closed above$210 or below $190?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 1CYU
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For 300 trading days, the daily closing price of a stock (in $) is well modeled by a Normal model with a mean of $195.03and a standard deviation of $ 7.15.
According to this model, what is the probability that on a randomly selected day in this period the stock price closed as follows?
According to this model, what is the probability that on a randomly selected day in this period the stock price closed as follows?
a) above $209.33?
b) below $202.18?
c) between $180.73 and$209.33?
d) Which would be more unusual, a day on which the stock price closed above$210 or below $190?
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