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    Statistics - Probability

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    Assuming that the change in daily closing prices for stocks on the New York Stock Exchange is a random variable that is normally distributed with a mean of $.35 and a standard deviation of $.33. Based on this information, what is the probability that a randomly selected stock will close up $.75 or more?

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    Solution Summary

    The probability of random selection is determined. A complete, neat and step-by-step solution is provided.