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Question 5 Not yet answered Marked out of 2.00 '3' Flag question Modified from 6.39: The major stock market indexes had weak results in 2018.
Question 5 Not yet answered Marked out of 2.00 '3' Flag question Modified from 6.39: The major stock market indexes had weak results in 2018. The mean oneyear return for stocks in the S&P 500, a group of 500 very large companies, was 6.24%. The mean one-year return for the NASDAQ, a group of 3,200 small and medium-sized companies, was 3.88%. Historically, the one-year returns are approximately normally distributed, the standard deviation in the S&P 500 is approximately 20%, and the standard deviation in the NASDAQ is approximately 30%. Compute the probability that a stock in the S&P 500 gained 10% or more in 20l8, (Provide answer to four decimal points)
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