The average stock price for companies making up the S&P 500 is $30, and thestandard deviation is $18.20 (Business Week, Special Annual Issue, Spring 2003). Assumethe stock prices are normally distributed.(a) What is the probability that a stock price of a company will be more than $40 (to 4decimals)?(b) What is the probability that a stock price of a company will be lest than $20 (to 4decimals)?

(a) Obtain the probability that a stock price of a company will be more than $40. The probability…

Answered: The average stock price for companies…

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...

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See image-- using calculus.
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