The median stock price for firms in the Camaro Stock Market is $30, and the standard deviation is $8.20. Assume that the stock prices are normally distributed. (i) What is the probability a firm will have a stock price of at least $40? (ii) How high does a stock price have to be to put a firm in the top 10%? O a) (i) 0.6112 (ii) 30.50 O b) (i) 0.1112 (ii) 40.50 Oc) (i) 0.2112 (ii) 50.50 O d) (i) 0.3112 (ii) 20.50 e) None of the answers are correct
The median stock price for firms in the Camaro Stock Market is $30, and the standard deviation is $8.20. Assume that the stock prices are normally distributed. (i) What is the probability a firm will have a stock price of at least $40? (ii) How high does a stock price have to be to put a firm in the top 10%? O a) (i) 0.6112 (ii) 30.50 O b) (i) 0.1112 (ii) 40.50 Oc) (i) 0.2112 (ii) 50.50 O d) (i) 0.3112 (ii) 20.50 e) None of the answers are correct
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Transcribed Image Text:The median stock price for firms in the Camaro Stock Market is $30, and the standard
deviation is $8.20. Assume that the stock prices are normally distributed.
(i) What is the probability a firm will have a stock price of at least $40?
(ii) How high does a stock price have to be to put a firm in the top 10%?
a) (i) 0.6112
(ii) 30.50
ОБ00.1112
(ii) 40.50
Oc) (i) 0.2112
(ii) 50.50
O d) (i) 0.3112
(ii) 20.50
O e) None of the answers are correct
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