[Solution Library] FOUR DECIMAL ANSWERS: The Zero Mutual Fund Company has an Insider Trading Mutual Fund that is supposed to sell for $10 a share. When the
Question: FOUR DECIMAL ANSWERS: The Zero Mutual Fund Company has an Insider Trading Mutual Fund that is supposed to sell for $10 a share. When the selling prices per share on 1000 transactions were randomly selected, they revealed that the mean selling price was $10 with a standard deviation of $1. Assuming a symmetrical distribution for the selling price per share, solve the following problems:
- What percent of the shares sold for $12 or more?
- What percent of the shares sold for $8 or less?
- What percent of the shares sold between $9 and $11?
- What percent of the shares sold for $8 to $9?
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