The average stock price for companies making up the DAX in Germany is $40, and the standard deviation is $4 (Financial Time, Spring 2023). Assume the stock prices are normally distributed. 1. What is the probability a company will have a stock price of at least $45? 2. What is the probability a company will have a stock price of at most $50? 3. What is the probability a company will have a stock price between $44 and $48? 4. What is the probability a company will have a stock price no higher than $44?

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The average stock price for companies making up the DAX in Germany is $40, and the standard
deviation is $4 (Financial Time, Spring 2023). Assume the stock prices are normally distributed.
1. What is the probability a company will have a stock price of at least $45?
2. What is the probability a company will have a stock price of at most $50?
3. What is the probability a company will have a stock price between $44 and $48?
4. What is the probability a company will have a stock price no higher than $44?
Transcribed Image Text:The average stock price for companies making up the DAX in Germany is $40, and the standard deviation is $4 (Financial Time, Spring 2023). Assume the stock prices are normally distributed. 1. What is the probability a company will have a stock price of at least $45? 2. What is the probability a company will have a stock price of at most $50? 3. What is the probability a company will have a stock price between $44 and $48? 4. What is the probability a company will have a stock price no higher than $44?
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