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What is the probability that your portfolio decreased

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It has been suggested that an investment portfolio selected by randomly throwing darts at the stock market page of the Wall Street Journal may be a sound investment. Suppose that you own such a portfolio of 19 stocks randomly selected from all stocks listed on the Jamaica Stock Exchange (JSE). On a certain day, the average stock rose by 3.0 points. Assume that stock price movements are normally distributed with a mean 3.0 points and standard deviation 3 points. What is the probability that your portfolio decreased in price?

Reference no: EM132381868

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