# Question: An analyst believes that the price of an IBM stock

An analyst believes that the price of an IBM stock is a normally distributed random variable with mean $105 and variance 24. The analyst would like to determine a value such that there is a 0.90 probability that the price of the stock will be greater than that value. Find the required value.

**View Solution:**## Answer to relevant Questions

Weekly rates of return (on an annualized basis) for certain securities over a given period are believed to be normally distributed with mean 8.00% and variance 0.25. Give two values x1 and x2 such that you are 95% sure that ...Find the probability that a standard normal random variable will be greater in value than -2.33. The number of newspapers demanded daily in a large metropolitan area is believed to be an approximately normally distributed random variable. If more newspapers are demanded than are printed, the paper suffers an opportunity ...A company supplies pins in bulk to a customer. The company uses an automatic lathe to produce the pins. Due to many causes-vibrations, temperature, wear and tear, and the like-the lengths of the pins made by the machine are ...When sampling is done for the proportion of defective items in a large shipment, where the population proportion is 0.18 and the sample size is 200, what is the probability that the sample proportion will be at least 0.20?Post your question