Homework Help is Here – Start Your Trial Now!
Math
Probability
For the 71 trading days from January 3, 2017, to April 18, 2017, the daily closing price of IBM stock (in $) is well modeled by a Normal model with mean $174.848 and standard deviation $4.511. According to this model, and using the 68-95-99.7 Rule to approximate the probabilities rather than using technology to find the values more precisely, what is the probability that on a randomly selected day in this period the stock price closed a) above $179.36? b) below $183.87? c) between $161.32 and $188.38? d) Which would be more unusual, a day on which the stock price closed above $186 or below $167? a) The probability that the stock price closed above $179.36 is (Type an integer or a decimal. Do not round.) b) The probability that the stock price closed below $183.87 is (Type an integer or a decimal. Do not round) c) The probability that the stock price closed between $161.32 and $188 38 is (Type an integer or a decimal. Do not round.) d) Which would be more unusual, a day on which the stock price closed above $186 or below $167? OA. The more unusual day is if the stock closed above $186 because it has the smaller z-score. OB. The more unusual day is if the stock closed below $167 because it has the smaller z-score. OC. The more unusual day is if the stock closed below $167 because it has the larger absolute z-score D. The more unusual day is if the stock closed above $186 because it has the larger absolute z-score

For the 71 trading days from January 3, 2017, to April 18, 2017, the daily closing price of IBM stock (in $) is well modeled by a Normal model with mean $174.848 and standard deviation $4.511. According to this model, and using the 68-95-99.7 Rule to approximate the probabilities rather than using technology to find the values more precisely, what is the probability that on a randomly selected day in this period the stock price closed a) above $179.36? b) below $183.87? c) between $161.32 and $188.38? d) Which would be more unusual, a day on which the stock price closed above $186 or below $167? a) The probability that the stock price closed above $179.36 is (Type an integer or a decimal. Do not round.) b) The probability that the stock price closed below $183.87 is (Type an integer or a decimal. Do not round) c) The probability that the stock price closed between $161.32 and $188 38 is (Type an integer or a decimal. Do not round.) d) Which would be more unusual, a day on which the stock price closed above $186 or below $167? OA. The more unusual day is if the stock closed above $186 because it has the smaller z-score. OB. The more unusual day is if the stock closed below $167 because it has the smaller z-score. OC. The more unusual day is if the stock closed below $167 because it has the larger absolute z-score D. The more unusual day is if the stock closed above $186 because it has the larger absolute z-score

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
See similar textbooks
icon
Related questions
Question
For the 71 trading days from January 3, 2017, to April 18, 2017, the daily closing price of IBM stock (in $) is well modeled by a Normal model with mean $174.848 and standard deviation $4.511. According to this model, and using the 68-95-99.7 Rule to approximate the probabilities rather than using technology to find the values more precisely. what is the probability that on a randomly selected day in this period the stock price closed a) above $179.36? b) below $183.87? c) between $161.32 and $188.38? d) Which would be more unusual, a day on which the stock price closed above $186 or below $167? a) The probability that the stock price closed above $179.36 is (Type an integer or a decimal. Do not round.) b) The probability that the stock price closed below $183.87 is (Type an integer or a decimal. Do not round) c) The probability that the stock price closed between $161.32 and $188 38 is (Type an integer or a decimal. Do not round.) d) Which would be more unusual, a day on which the stock price closed above $186 or below $167? OA. The more unusual day is if the stock closed above $186 because it has the smaller z-score. OB. The more unusual day is if the stock closed below $167 because it has the smaller z-score. OC. The more unusual day is if the stock closed below $167 because it has the larger absolute z-score OD. The more unusual day is if the stock closed above $186 because it has the larger absolute z-score Next
Transcribed Image Text:For the 71 trading days from January 3, 2017, to April 18, 2017, the daily closing price of IBM stock (in $) is well modeled by a Normal model with mean $174.848 and standard deviation $4.511. According to this model, and using the 68-95-99.7 Rule to approximate the probabilities rather than using technology to find the values more precisely. what is the probability that on a randomly selected day in this period the stock price closed a) above $179.36? b) below $183.87? c) between $161.32 and $188.38? d) Which would be more unusual, a day on which the stock price closed above $186 or below $167? a) The probability that the stock price closed above $179.36 is (Type an integer or a decimal. Do not round.) b) The probability that the stock price closed below $183.87 is (Type an integer or a decimal. Do not round) c) The probability that the stock price closed between $161.32 and $188 38 is (Type an integer or a decimal. Do not round.) d) Which would be more unusual, a day on which the stock price closed above $186 or below $167? OA. The more unusual day is if the stock closed above $186 because it has the smaller z-score. OB. The more unusual day is if the stock closed below $167 because it has the smaller z-score. OC. The more unusual day is if the stock closed below $167 because it has the larger absolute z-score OD. The more unusual day is if the stock closed above $186 because it has the larger absolute z-score Next
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON
SEE MORE TEXTBOOKS