SOLUTION: The average stock price for companies making S&P500 is $30, and the standard deviation is $8.2. Assume that the stock prices are normally distributed: a. What is the probability a

Question 824312: The average stock price for companies making S&P500 is $30, and the standard deviation is $8.2. Assume that the stock prices are normally distributed:
a. What is the probability a company will have a stock price no higher than $20?
b. How high does a stock price to be put to a company in the top 10%?
Answer by TimothyLamb(4379) (Show Source): You can put this solution on YOUR website!
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answerA: P(0<= price <= 19.99) = 0.111
answerB: 90th percentile price = $40.51
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