Stock prices. For the 71 trading days from January 3, 2017, to April 18, 2017, the daily
Question:
Stock prices. For the 71 trading days from January 3, 2017, to April 18, 2017, the daily closing price of IBM stock (in $) is well modeled by a Normal model with mean
$174.85 and standard deviation $4.51. According to this model, what is the probability that on a randomly selected day in this period the stock price closed
a) above $179?
b) below $184?
c) between $161 and $188?
d) Which would be more unusual, a day on which the stock price closed above $180 or below $165?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Statistics
ISBN: 9781292269313
4th Global Edition
Authors: Norean Sharpe, Richard De Veaux, Paul Velleman
Question Posted: