Price changes of shares of Ralph Inc. have been recorded over the past 100 days. The frequency

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Price changes of shares of Ralph Inc. have been recorded over the past 100 days. The frequency distribution is as follows: 

Price Change Probability

- 1/2 .......0.06

- 3/8 .......0.08

- 1/4 .......0.10

- 1/8 .......0.12

0     .......0.20

1/8 .......0.24

1/4 .......0.08

3/8 .......0.06

1/2 .......0.06

If the current price of Ralph stock is $30, use the following computer generated random numbers for simulation:

Day RN___

1 .......0.089298419

2 .......0.917799699

3 ....... 0.353414983

4 .......0.226025249

5 .......0.368686094

6 .......0.079393032

7 .......0.663184808

8 .......0.783597511

9 .......0.674174677

10 .......0.050971983

What is the stock price at the end of day 10?

a. $29.125

b. $29.750

c. $30.250

d. $32.000

e. None of the above

Distribution
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Related Book For  book-img-for-question

Understanding Basic Statistics

ISBN: 9781111827021

6th Edition

Authors: Charles Henry Brase, Corrinne Pellillo Brase

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