The Closing Share Price for G

question 1

Multiple Choice

The closing share price for G.E.stock over the past seven days is shown below.Compute the standard deviation for the data.Treat the data as a population. 112, 115, 111, 116, 116, 116, 112

• A)4.23
• B)2.07
• C)2.79
• D)3.18
• E)2.54

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Definitions:

Poisson Approximation

A statistical technique used to approximate the probabilities of events with a very low probability over a large number of trials.

Binomial Random Variable

A type of random variable that takes the number of successes in a fixed number of trials of a binomial experiment, where each trial results in a success or failure, with the probability of success being the same for all trials.

Cumulative Binomial Probabilities

The sum of the probabilities of obtaining all outcomes up to a specified point in a binomial distribution.

Random Variable

A variable whose values are outcomes of a random phenomenon.