If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at less than the mean for that year?
If a person bought 1 share of Google stock within the last year,
what is the probability that the stock on that day closed at less than the mean for that year? Hint: You do not want to calculate the mean to answer this one. The probability would be the same for any normal distribution. (5 points)
1. If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at more than $950? (5 points)
2. If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed within $50 of the mean for that year? (between 50 below and 50 above the mean) (5 points)
3. If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at less than $800 per share. Would this be considered unusal? Use the definition of unusual from the course textbook that is measured as a number of standard deviations (5 points)
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