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4. (2 pts.) The price of shares of Bank of Florida at the end of trading each day for the last year followed a
4. (2 pts.) The price of shares of Bank of Florida at the end of trading each day for the last year followed a normal distribution. Assume there were 240 trading days in the year. The mean price was $42.00 per share and the standard deviation was $2.25 per share. A. What is the probability that the end-of-day trading price is over $45.00? Estimate the number of days in a year when the trading price finished above $45.00. B. What percent of the days was the price between $38.00 and $40.00? C. What is the minimum share price for the top 15% of end-of-day trading prices?
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