The average stock price for companies makingup the S&P500 is $30, and the standarddeviation is $8.20. Assume the stock prices arenormally distributed.a) What is the probability that a company willhave a stock price at least $40?А.0.1152В.0.1112С.0.2251D.0.4231

We find the probability that a company will have a stock price at least $40.

Answered: The average stock price for companies…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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The average stock price for companies making up the S&P500 is $30, and the standard deviation is $8.20. Assume the stock prices are normally distributed. a) What is the probability that a company will have a stock price at least $40? А. 0.1152 В. О 0.1112 С. 0.2251 D. 0.4231