For 300 trading? days, the daily closing price of a stock? (in$) is well modeled by a Normal model with mean $195.89 and standarddeviation ?$7.18
According to this? model, what cutoff value of price wouldseparate the
?a) lowest 15% of the? days?
?b) highest 0.61?%?
?c) middle 80?%?
?d) highest 50?%?
c) Select the correct answer below and fill in the answer?box(es) within your choice.
A.The cutoff points are _________ and _________.
?(Use ascending order. Round to two decimal places as?needed.)
B.The cutoff point is _________. ?(Round to two decimal placesas? needed.)
