If Apple's stock underwent simple interest increase from February, 2005, through August, 2005 and into 2006, what would the price be in December, 2006? Round your answer to the nearest cent. Month Dec. 1997 Aug. 1999 Mar. 2000 May 2000 Aug. 2000 Dec. 2000 Monthly Price 3.28 16.31 33.95 21 30.47 7.44 Month Jan. 2002 Mar. 2003 Oct. 2003 Nov. 2004 Feb. 2005 Aug. 2005 Monthly Price 12.36 7.07 11.44 33.53 44.86 45.78
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
If Apple's stock underwent simple interest increase from February, 2005, through August, 2005 and into 2006, what would the price be in December, 2006? Round your answer to the nearest cent.
|
Month |
Dec. 1997 |
Aug. 1999 |
Mar. 2000 |
May 2000 |
Aug. 2000 |
Dec. 2000 |
|
Monthly Price |
3.28 |
16.31 |
33.95 |
21 |
30.47 |
7.44 |
|
Month |
Jan. 2002 |
Mar. 2003 |
Oct. 2003 |
Nov. 2004 |
Feb. 2005 |
Aug. 2005 |
|
Monthly Price |
12.36 |
7.07 |
11.44 |
33.53 |
44.86 |
45.78 |
a.$48.23
b.$49.23
c.$47.49
d.$48.54
e.$48.33
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
