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For 300 tradingdays, the daily closing price of a stock(in $) is well modeled by a Normal model with mean $197.12 and standard deviation $7.13.
For 300 tradingdays, the daily closing price of a stock(in $) is well modeled by a Normal model with mean $197.12 and standard deviation $7.13. According to thismodel, what is the probability that on a randomly selected day in this period the stock price closed as follows.
a) above $204.25?
b) below $211.38?
c) between $182.86 and $211.38?
d) Which would be moreunusual, a day on which the stock price closed above $208 or below $180?
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