The average stock price for companies making up the S&P 500 is $30, and the standard deviation is $8.20. Assume the stock prices are normally distributed. What is the probability a company will have a stock price of at least $35? What is the probability a company will have a stock price no higher than $23? How high does a stock price have to be to put a company in the top 5%?

The average stock price for companies making up the S&P 500 is $30, and the standard deviation is $8.20. Assume the stock prices are normally distributed. What is the probability a company will have a stock price of at least $35? What is the probability a company will have a stock price no higher than $23? How high does a stock price have to be to put a company in the top 5%?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.4: Distributions Of Data

Problem 19PFA

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Question

The average stock price for companies making up the S&P 500 is $30, and the standard deviation is $8.20. Assume the stock prices are normally distributed.