Assuming That the Change in Daily Closing Prices for Stocks

question 55

Multiple Choice

Assuming that the change in daily closing prices for stocks on the New York Stock Exchange is a random variable that is normally distributed with a mean of $.35 and a standard deviation of $.33. Based on this information, what is the probability that a randomly selected stock will close up $.75 or more?

• A) 0.3869
• B) 0.1131
• C) 0.7100
• D) 0.8869

---

Definitions:

Multidisciplinary Advocacy

A coordinated approach where professionals from diverse fields collaborate to advocate for policy changes, support for individuals, or advancements in research.

Ability

The competence or skill to do something effectively.

Random Individual

A person selected or encountered without any specific criteria, often used in the context of examples or illustrative scenarios.

Group

Group refers to a collection of individuals who come together for a common purpose, sharing interactions and often working towards a shared goal.