On Friday, March 16th, Bob Smith's beginning checking balance is $50 and his account is credited for a deposit of $100. That sam
1 answer:
You might be interested in
Answer:
Step-by-step explanation:
We can use normal aproximation, assuming that the random variables are a lot of that means the sample size is large.
Using the normal distribution table,
P(z>5) = 0.00005
Hence, we can conclude that the probability that the stock’s price will exceed 105 after 10 days is very small.
Hope this helps!