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A stockbroker has kept a daily record of the value of a particular stock over the years and finds that prices of the stock

 

 

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A stockbroker has kept a daily record of the value of a particular stock over the years and finds that prices of the stock form a normal distribution with a mean of $8.52 and a standard deviation of $2.38. The percentile rank of a price of $13.87 is a) 51.22% b) 48.78% c) 98.78% d) 1.22%

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