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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 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. How do we find the stock price beyond which 5% (.05) of the distribution falls? Please show how you did this.
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