The price of shares of Bank of Florida at the end of trading each day for the last year followed the
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 $2.25 per share. (Round your answers to 2 decimal places. Omit the "$" and "%" signs in your response.)
(a1) What percent of the days was the price over $45.00?
(a2) 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 stocks price on the highest 15 percent of days?
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Solution: The downloadable solution consists of 2 pages
Type of Deliverable: Word Document
Type of Deliverable: Word Document
