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

Algebra ->  Probability-and-statistics -> 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      Log On


   

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(52794) About Me  (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.