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

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Basic Math

For 300 trading​ days, the daily closing price of a stock​ (in$) is well modeled by a Normal model with a mean of

​$197.12197.12 and a standard deviation of

​$7.187.18. According to this​ model, what is the probabilitythat on a randomly selected day in this​ period, the stock priceclosed as follows.

​a) above ​$204.30204.30​?

​b) below ​$211.48211.48​?

​c) between ​$182.76182.76 and ​$211.48211.48​?

Answer & Explanation Solved by verified expert
3.8 Ratings (653 Votes)
Solution Given that mean 19712standard deviation 718aPx 20430 1 Px    See Answer
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