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There is some speculation that a simple name change can result in a shortterm increase in the price of certain business finns' stocks (relative to
There is some speculation that a simple name change can result in a shortterm increase in the price of certain business finns' stocks (relative to the prices of similar stocks). Suppose that to test the profitability of name changes, we analyze the stock prices of a large sampl_e of corporations shortly after they changed names, and we find that the mean relative increase in stock price was about 0.86%, with a standard deviation of 0.12%. Suppose that this mean and standard deviation apply to the moulation of all companies that changed names. Complete the following statemer" distribution of relative increases in stock price for all companies that changed names. Tools Help > (a) According to Chebyshev's theorem, at least of the I X \\(3 ' relative increases in stock price lie between 0.62% and 1.10%. (b) According to Chebyshev's theorem, at least 34% of the relative increases in stock price lie between [I96 and [3%. (Round your answer to 2 decimal places.)
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