[See Steps] The daily trading volumes (millions of shares) for stocks traded on the New York Stock Exchange for 12 days in August and September are shown
Question: The daily trading volumes (millions of shares) for stocks traded on the New York Stock Exchange for 12 days in August and September are shown here: 917,944,813,836,983,723,1057,992,1046,783,766,973. The
probability distribution of trading volume is approximately normal with \(\mu=902.75 \quad \sigma=114.185\).
- What is the probability that on a particular day the trading volume will be less than 800 million shares?
- What is the probability that on a particular day the trading volume will exceed 1 billion shares?
- If the exchange wants to issue a press release on the top 5% of trading days, what volume will trigger a release?
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