Question
A stock's price fluctuations are approximately normally distributed with a mean of $104.50 and a standard deviation of $23.62. You decide to purchase whenever the
A stock's price fluctuations are approximately normally distributed with a mean of $104.50 and a standard deviation of $23.62. You decide to purchase whenever the price reaches its lowest 20% of values. What is the most you would be willing to pay for the stock?
A. $110.48
B. $98.52
C. $124.38
D. $84.62
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Intro Stats
Authors: Richard D. De Veaux, Paul F. Velleman, David E. Bock
3rd edition
321533283, 321533289, 9780321463708, 9780321503848, 9780321503800, 9780321499431, 9780321499417, 978-0321500458
