A Stockbroker Has Kept a Daily Record of the Value

question 58

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. What percentage of the distribution lies below $7.42.

• A) 17.72%
• B) 32.28%
• C) 82.28%
• D) 31.92%

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Definitions:

Unclassified Balance Sheet

A balance sheet where assets, liabilities, and equity are not categorized into subgroups, presenting a simplified overview.