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  3. for 300 trading? days, the daily closing price of

For 300 trading? days, the daily closing price of a stock? (in $) is well modeled...

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Question

Basic Math

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.)

Answer & Explanation Solved by verified expert
4.1 Ratings (472 Votes)
Part aX N 19589 718 P X 15 015Looking for the probability 015 in standard normal table tocalculate critical value Z 104Z X 104 X 19589 718X 1884228 18842P X 1884228 015The cutoff points isX 188422818842Part bX N 19589 718    See Answer
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