# Question: The price of shares of Bank of Florida at the

The price of shares of Bank of Florida at the end of trading each day for the last year followed the normal distribution. Assume there were 240 trading days in the year. The mean price was $42.00 per share and the standard deviation was $2.25 per share.

a. What percent of the days was the price over $45.00? How many days would you estimate?

b. What percent of the days was the price between $38.00 and $40.00?

c. What was the stock’s price on the highest 15% of days?

a. What percent of the days was the price over $45.00? How many days would you estimate?

b. What percent of the days was the price between $38.00 and $40.00?

c. What was the stock’s price on the highest 15% of days?

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

What is the level of measurement for each of the following variables?a. Student IQ ratings.b. Distance students travel to class.c. The jersey numbers of a sorority soccer team.d. A student’s state of birth.e. A student’s ...Wellstone Inc. produces and markets replacement covers for cell phones in five different colors: bright white, metallic black, magnetic lime, tangerine orange, and fusion red. To estimate the demand for each color, the ...The annual sales of romance novels follow the normal distribution. However, the mean and the standard deviation are unknown. Forty percent of the time sales are more than 470,000, and 10% of the time sales are more than ...The times between failures on a personal computer follow an exponential distribution with a mean of 300,000 hours. What is the probability of:a. A failure in less than 100,000 hours?b. No failure in the next 500,000 hours?c. ...A study of the attendance at the University of Alabama’s basketball games revealed that the distribution of attendance is normally distributed with a mean of 10,000 and a standard deviation of 2,000.a. What is the ...Post your question