Question

The stock price for International Business Machines (IBM) historically has followed an approximately normal distribution (when adjusting for inflation) with a mean of $155.483 and standard deviation of $4.0278. What is the probability that on a selected day the stock price is between $155.71 and 159.48? 1) We do not have enough information to calculate the value. 2) 0.3170 3) 0.0059 4) 0.1605 5) 0.5225

          The stock price for International Business Machines (IBM) historically has followed an approximately normal distribution (when adjusting for inflation) with a mean of $155.483 and standard deviation of $4.0278. What is the probability that on a selected day the stock price is between $155.71 and 159.48?

1) We do not have enough information to calculate the value.
2) 0.3170
3) 0.0059
4) 0.1605
5) 0.5225

The stock price for International Business Machines (IBM) historically has followed an approximately normal distribution (when adjusting for inflation) with a mean of 155.483 and standard deviation of4.0278. What is the probability that on a selected day the stock price is between 155.71 and 159.48?

1) We do not have enough information to calculate the value.
2) 0.3170
3) 0.0059
4) 0.1605
5) 0.5225

Added by Alexis N.

Elementary Statistics a Step by Step Approach

Allan G. Bluman 9th Edition

Instant Answer

Solved by Expert Madhur L

06/13/2023

Step 1

z1 = (155.71 - 155.483) / 4.0278 z2 = (159.48 - 155.483) / 4.0278 Show more…

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The stock price for International Business Machines (IBM) historically has followed an approximately normal distribution (when adjusting for inflation) with a mean of $155.483 and standard deviation of $4.0278. What is the probability that on a selected day the stock price is between $155.71 and 159.48? 1) We do not have enough information to calculate the value 2) 0.3170 3) 0.0059 4) 0.1605 5) 0.5225