SOLUTION: The average stock price for companies making up the S&P 500 is $30, and the standard deviation is $8.20 (BusinessWeek, Special Annual Issue, Spring 2003). Assume the stock prices

Question 1168265: The average stock price for companies making up the S&P 500 is $30, and the standard deviation
is $8.20 (BusinessWeek, Special Annual Issue, Spring 2003). Assume the stock
prices are normally distributed.

What is the probability that a company will have a stock price of exactly $65?
Answer by ikleyn(52797)   (Show Source): You can put this solution on YOUR website!
.

A professional Math writer will NEVER ask a question this way.

A professional Math writer will EITHER ask

    - What is the probability that a company will have a stock price greater of equal $65?

                        OR

    - What is the probability that a company will have a stock price lesser of equal $65?

If the question is posed in a way as it is posed in this post,
then it becomes clear to everybody and anybody in the radius of 3000 miles around
that a person, who asks such question, is mathematically illiterate in the probability theory.

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