Question: Please help me to solve this calculation in EXCEL 1. the average stock price for companies making up the S&P 500 was $30, and the

Please help me to solve this calculation in EXCEL

1. the average stock price for companies making up the S&P 500 was $30, and the standard deviation was $8.20 (BusinessWeek, Special Annual Issue, Spring 2018). Assume the stock prices are normally distributed.

a.What is the probability that a company will have a stock price of at least $40?

b.How high does a stock price have to be to put a company in the top 10%?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!