What is the probability trading volume

Assignment Help Basic Statistics

Reference no: EM13104715

Trading volume on the New York Stock Exchange has been growing in recent years. For the first two weeks of January 1998, the average daily volume was 646 million shares (Barrons, January 1998). The probability distribution of daily volume is approximately normal with a standard deviation of about 100 million shares.

a. What is the probability trading volume will be less than 400 million shares?

b. What percentage of the time does the trading volume exceed 800 million shares?

c. If the exchange wants to issue a press release on the top 5% of trading days, what volume will trigger a release?

Reference no: EM13104715

Questions Cloud

Estimating the break even quantity : Spartan castings must implement a manufacturing process that reduces the amount of particulates emitted into the atmosphere. Two processes have been identified that provide the same level of particulate reduction.

99 percent confidence interval around mean : A small town has a population of 20,000 people. Among these, 1,000 regularly visit a popular local bar. A sample of 100 people who visit the bar is surveyed for their annual expenditures in the bar.

Calculate the total cost for supplier : Your company assembles five different models of a motor scooter that is sold in specialty stores in the United States. The company uses the same engine for all five models.

Questions on standard curve : A man is in the process of buying a new car. He has a choice of 3 engine makes, 7 body styles and 10 colors. How many different cars does he have to choose from?

What is the probability trading volume : What is the probability trading volume will be less than 400 million shares?

How orientalism and prejudice contribute to hate crimes : Write two to three characteristics of Orientalism. How may Orientalism and prejudice contribute to hate crimes against these groups?

Confidence interval for varaince-standard deviation : A sample of 23 European countries found that the variance of life expectancy was 7.3 years. What is the 95% confidence interval estimate for the variance of life expectancy in Europe?

What is the smallest value d can have before string break : A small sphere of mass m = 6.10 g and charge q1 = 29.2 nC is attached to the end of a string and hangs vertically. A second charge of equal mass and charge q2 = 58.0 nC is located below the first charge a distance d = 2.00 cm below the first charg..

Explain how arbitration works : Explain and describe how arbitration works, and how it may benefit or hinder either side. What current event can you reference where arbitration has settled the dispute?

User Account

All Pages