Suppose that a stock is currently selling for $100. The change in the stock's price during the

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Suppose that a stock is currently selling for $100. The change in the stock's price during the next year follows a normal random variable with a mean of $10 and a standard deviation of $20. What is the probability (rounded to the nearest hundredth) that the stock will sell for at least $120 in a year's time?
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Probability & Statistics For Engineers & Scientists

ISBN: 9780130415295

7th Edition

Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying

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