Question
The change in stock prices for a certain stock are evenly distributed over the interval [a, b]. a) Assuming that the probability that the change
The change in stock prices for a certain stock are evenly distributed over the interval [a, b].
a) Assuming that the probability that the change in stock price is less than $3 is equal to 5/8 and the average change in stock price is $2, find the values of a and b.
b) What is the probability that the stock price changes more than $5?
c) What is the standard deviation of the change in stock prices?
d) Determine the 30th percentile for the change in stock prices and interpret its meaning.
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University Calculus Early Transcendentals, Multivariable
Authors: Joel R Hass, Maurice D Weir, George B Thomas Jr
2nd Edition
0321830849, 9780321830845
