Math Solutions

(Solution Library) The average stock price for companies making up the SP 500 is $30, and the standard deviation is $8.20 (BusinessWeek, Special Annual Issue, Spring

Question: 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.

  1. What is the probability a company will have a stock price of at least $40?
  2. What is the probability a company will have a stock price no higher than $20?
  3. How high does a stock price have to be to put a company in the top \(10 \%\) ?

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