Purchase Solution

Probability caculation

Not what you're looking for?

Ask Custom Question

The price of shares of Bank of Florida at the end of trading each day for the last year followed the normal distribution. Assume there were 240 trading days in the year. The mean price was $42.00 per share and the standard deviation was $2.25 per share.

a. What percent of the days was the price over $45.00? How many days would you estimate?

b. What percent of the days was the price between $38.00 and $40.00?

c. What was the stock's price on the highest 15 percent of days?

Purchase this Solution

Solution Summary

This solution gives the step by step method for computing probabilities based on Z score.

Purchase this Solution


Free BrainMass Quizzes
Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.