SOLUTION: Suppose that the dividends of dividend-paying stocks are normally distributed with a mean of 3.35% (as a percentage of the share price) and a standard deviation of 0.98%. In a samp

Question 829891: Suppose that the dividends of dividend-paying stocks are normally distributed with a mean of 3.35% (as a percentage of the share price) and a standard deviation of 0.98%. In a sample of 50 dividend-paying stocks, what is the probability that the average dividend will be 3.50% or greater? (please round your answer to 4 decimal places)

Answer by reviewermath(1029) (Show Source): You can put this solution on YOUR website!
Question:
Suppose that the dividends of dividend-paying stocks are normally distributed with a mean of 3.35% (as a percentage of the share price) and a standard deviation of 0.98%. In a sample of 50 dividend-paying stocks, what is the probability that the average dividend will be 3.50% or greater? (please round your answer to 4 decimal places)
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Answer:
Type =1-normsdist((3.50-3.35)/(0.98/sqrt(50))) in Excel, then enter.
The result is .
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