A Stockbroker Has Kept a Daily Record of the Value

question 28

Multiple Choice

A stockbroker has kept a daily record of the value of a particular stock over the years and finds that prices of the stock form a normal distribution with a mean of $8.52 with a standard deviation of $2.38. The stock price beyond which 0.05 of the distribution falls is _________.

• A) $ 4.60
• B) $12.47
• C) $ 4.57
• D) $12.44

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