The average stock price for companies making up the S&P 500 is $30, and the standard deviation is $8.20. Assume the stock prices are normally distributed. What is the probability a company will have a stock price of at least $40? (Round to four decimal places) What is the probability a company will have a stock price no higher than $20? (Round to four decimal places) How high does a stock price have to be to put a company in the top 10%? (Round to two decimal places)
The average stock price for companies making up the S&P 500 is $30, and the standard...
2.The average stock price for companies making up the S&P 500 is $30, and the standard deviation is $8.20. Assume the stock prices are normally distributed. What is the probability a company will have a stock price of at least $40? (Round to four decimal places) What is the probability a company will have a stock price no higher than $20? (Round to four decimal places) How high does a stock price have to be to put a company in...
The average stock price for companies making up the S&P 500 is $30, and the standard deviation is $8.20. Assume the stock prices are normally distributed. What is the probability a company will have a stock price between $30 and $40? How high does a stock price have to be to put a company in the top 10%?
show work 12. (10 points) The average stock price for companies making up the S&P 500 is $30, and the standard deviation is $18.20 (Business Week, Special Annual Issue, Spring 2003). Assume the stock prices are normally distributed. (b) What is the probability that a company will have a stock price of at least $40 (to 4 decimals)? (e) What is the probability that a company will have a stock price no higher than $20 (to 4 decimals)?
1. The average amount parents and children spent per child on back-to-school clothes in Autumn 2010 was $527. Assume the standard deviation is $160 and that the amount spent is normally distributed. What is the probability that the amount spent on a randomly selected child is more than $700? (Round to four decimal places) What is the probability that the amount spent on a randomly selected child is less than $100? (Round to four decimal places) What is the probability...
Do the following problems: and for a product of Carolina Industries varies greatly from month to month. Based on the past two years of data, the following shows the monthly demand at Carolina Industries Unit Demand #Months 300 400 500 600 a. If the company places monthly orders equal to the expected value of the monthly demand, what should Carolina's monthly order quantity be for this product? b. What are the variance and the standard deviation for the number of...
You may need to use the appropriate appendix table to answer this question. The average return for large-cap domestic stock funds over three years was 14.4%. Assume the three-year returns were normally distributed across funds with a standard deviation of 4.4%. (a) What is the probability an individual large-cap domestic stock fund had a three-year return of at least 17%? (Round your answer to four decimal places.) (b) What is the probability an individual large-cap domestic stock fund had a...
The average price for a SPURS game package is $1,200 with a standard deviation of $220. Assume Spurs ticket prices are normally distributed. 13. Refer to Exhibit Four. What is the probability that a SPURSpackage will have a price of at least $1,530? a. 1.4332 b. 0.5668 c. 0.4332 d. 0.0668 e. None of the above answers is correct
4. According to the Bureau of Labor Statistics, the average weekly pay for a U.S. production worker was $441.84. Assume that available data indicate that production worker wages were normally distributed with a standard deviation of $90. What is the probability that a worker earned between $400 and $500? (Round to four decimal places) How much did a production worker have to earn to be in the top 20% of wage earners? (Round to two decimal places) For a randomly...
1. Stock prices and stand-alone risk The S&P 500 Index is one of the most commonly used benchmark indices for the U.S. equity markets. Consisting of 500 companies, it is a market value-weighted index. This means that each company's performance is reflected in the index, weighted by the ratio of the company's value to the total value of all the companies. Based on your understanding of P/E ratios, in which of the following situations would the average trailing P/E ratio...
The College Board National Office recently reported that in 2011–2012, the 547,038 high school juniors who took the ACT achieved a mean score of 520 with a standard deviation of 124 on the mathematics portion of the test (http://media.collegeboard.com/digitalServices/pdf/research/2013/TotalGroup-2013.pdf). Assume these test scores are normally distributed. A) What is the probability that a high school junior who takes the test will score at least 600 on the mathematics portion of the test? If required, round your answer to four decimal...