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TEA [102]
3 years ago
15

648 is 54 percent of what number

Mathematics
1 answer:
Leokris [45]3 years ago
7 0
Let, the number = x
It would be: x * 54% = 648
x * 0.54 = 648
x = 648 / 0.54
x = 1200

In short, Your Answer would be 1200

Hope this helps!
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Present price of stock is s, if x is the times that the stock increases (by u) among the 1000 periods we can calculate the price after 1000 periods as follows:

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In order to calculate the cumulative function we can use excel function BINOM.DIST

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We obtain that  P(X\leq 470)=0.00087, so P(X\geq 470)=1-0.00087=0.9991  

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