Question
Nasee Market Analytics provides services to investors with forecasts of the movement of the stock market. For a recent forecast, the mean percentage change in
Nasee Market Analytics provides services to investors with forecasts of the movement of the stock market. For a recent forecast, the mean percentage change in the stock price of 52 recommended stocks was -19.9 and the standard deviation was 18.6.
a) What is the probability that a recommended stock will gain or move upward?
b) What is the percentage change below which only 5% of the stocks recommended fell?
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Introduction To Finance Markets Investments And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
14th Edition
0470561076, 9780470561072
