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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 ?$196.38 andstandard deviation $7.13.

According to this ?model, what is the probability that on arandomly selected day in this period the stock price closed asfollows.

?a) above ?$203.51?

?b) below ?$210.64??

?c) between ?$182.12 and ?$210.64?

?d) Which would be more? unusual, a day on which the stock priceclosed above ?$206 or below ?$180?

Answer & Explanation Solved by verified expert
3.5 Ratings (568 Votes)
Solutiona The probability that on a randomly selected day inthis period the stock price closed is above 20351 is01587x 20351By applying normal    See Answer
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