In a large Business Statistics class, the professor has each person select stocks by throwing 16 darts

Question:

In a large Business Statistics class, the professor has each person select by throwing 16 darts at pages of the Wall Street Journal. They then check to see whether their stock picks rose or fell the next day and report their proportion of “successes.” As a lesson, the professor has selected pages of the Journal for which exactly half the publicly traded went up and half went down. The professor then makes a histogram of the reported proportions.
a) What shape would you expect this histogram to be? Why?
b) Where do you expect the histogram to be centered?
c) How much variability would you expect among these proportions?
d) Explain why a Normal model should not be used here.
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...