SOLUTION: A stock market analyst assumes that the price of a company's stock on a given day is distributed normally with a measure of $33.00 and a standard deviation of $4.00. What is the pr
Algebra ->
College
-> Linear Algebra
-> SOLUTION: A stock market analyst assumes that the price of a company's stock on a given day is distributed normally with a measure of $33.00 and a standard deviation of $4.00. What is the pr
Log On
Question 1020963: A stock market analyst assumes that the price of a company's stock on a given day is distributed normally with a measure of $33.00 and a standard deviation of $4.00. What is the probability that on a given day the price of the stock will be greater than or equal to #7.00 Answer by ewatrrr(24785) (Show Source):
You can put this solution on YOUR website! m = 33 and x = 4
P(x>= 37) = 1 - P(x<37) NOTE: Assumed You meant x =
Finding the z-value of x <37 :*Note:
P(x<37)= P( z < (37-33)/4) = P( z < (4)/4) = P( z < (4)/4)) = P( z < (1))= .8413
P(x>= 37) = 1 - .8413 = .1587 0r 15.87%
