Assuming that the change in daily closing prices for stocks on the New York Stock Exchange is a random variable that is normally distributed with a mean of $0.35 and a standard deviation of $0.33
Based on this information, what is the probability that a randomly selected stock will be lower by $0.40 or more?A) 2.27
B) 0.4884
C) 0.0116
D) 0.9884
C
Business
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On January 1, 2016, Ceramic, Inc. purchased a new machine for $160,000. Its estimated useful life is eight years with an expected salvage value of $12,000. Assuming double-declining balance depreciation, 2016 depreciation expense is:
What will be an ideal response?
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The single most important element of technical analysis is that future exchange rates are based on the current exchange rate
Indicate whether the statement is true or false.
Business