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

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Definitions:

Genitals

The reproductive organs, especially the external sex organs.

Engorged

Swollen with fluid or blood; typically refers to body parts that have filled with such to an extreme level.

Erection

The physiological response resulting in the increased blood flow to the penis, leading to its enlargement and firmness.

Specific Object

A distinct item or entity that is identifiable and can be distinguished from other objects.