How much should the stock prices of a company be

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Question: Normal Distribution

The average price of the shares owned by S & P500 is $ 30 and the standard deviation is $ 8.20 (BusinessWeek, Special Annual Issue, Spring 2003). Suppose the prices of shares are normally distributed.

a) What is the probability that the price of a company's stock is at least of $ 40?

b) That the price of a company's stock is not more than $ 20?

c) How much should the stock prices of a company be to be between 10% top?

Reference no: EM132749550

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