Quantative Analysis of Data: Normal Random Variable
Sales data for manufacturer of ready to eat cereal, volume differences
July 9, 2019Stephanie’s Baskets quantitative analysis: Order quantity
July 9, 2019Suppose that a stock is currently selling for $100. The change in the stock’s price during the nest year follows a normal random variablewith a meanof $10 and a standard deviationof $20. What is the probability(rounded to the nearest hundredth) that the stock will sell for at least $120 in a year’s time?
a. .31
b. .16
c. .25
d. .35
e. .40
This solution provides a detailed, step-by-step explanation of the given statistics problem.
