For the 900 trading days from january 2003 through july, Accounting Basics

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For the 900 trading days from january 2003 through july

Stock prices. For the 900 trading days from January 2003 through July 2006, the daily closing price of IBM stock (in $) is well modeled by a Normal model with mean $85.60 and standard deviation $6.20. According to this model, what is the probability that on a randomly selected day in this period the stock price closed

a) above $91.80?

b) below $98.00?

c) between $73.20 and $98.00?

d) Which would be more unusual, a day on which the stock price closed above $93 or below $70?

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Accounting Basics: For the 900 trading days from january 2003 through july

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Accounting Basics: For the 900 trading days from january 2003 through july

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