Question

For 300 trading​ days, the daily closing price of a stock​ (in $) is well modeled by a Normal model with mean ​$196.91196.91 and standard deviation ​$7.14. According to this​ model, what cutoff value of price would separate the

​a) lowest 12​% of the​ days?

​b) highest 0.24​%?

​c) middle 89​%? ​

d) highest 50​%?

​a) Select the correct answer below and fill in the answer​ box(es) within your choice.

The cutoff points are _____and _____.

​(Use ascending order. Round to two decimal places as​ needed.)

B. The cutoff point is _____. ​

(Round to two decimal places as​ needed.)

Answer 1