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Tatiana [17]
2 years ago
15

A stockbroker has kept a daily record of the value of a particular stock over the years and finds that prices of the stock form

a normal distribution with a mean of $8.52 with a standard deviation of $2.38. The stock price beyond which 0.05 of the distribution falls is _________.
Mathematics
1 answer:
amid [387]2 years ago
8 0

Answer:

$12.43

Step-by-step explanation:

Given :

Mean = $8.52

Standard deviation, = $2.38

Stock price which falls beyond 0.05 of the distribution is at the 95th percentile

The 95th percentile distribution has a Pvalue of 1.645 (standard normal table)

We obtain the value of x, with z = 1.645

Using the Zscore relation :

Zscore = (score - mean) / standard deviation

1.645 = (score - 8.52) / 2.38

Cross multiply :

1.645 * 2.38 = score - 8.52

3.9151 = score - 8.52

Score = 8.52 + 3.9151

Score = $12.4351

Stock price beyond 0.05 is $12.43

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Abel planned for a garden to be 42 m long but found that it needs to be 24 m long to fit in his backyard. He found the change of
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Question:

Abel planned for a garden to be 42 m long but found that it needs to be 24 m long to fit in his backyard. He found the change of scale below.

\frac{42m}{7}/{\frac{24m}{7} = \frac{6}{4}

Which is Abel’s error?

Abel should have written the ratio as 24 metres/7 metres

Abel should have written the ratio as 24 metres/42 metres

Abel should have divided both numbers by 6.

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Answer:

Abel should have divided both numbers by 6.

Step-by-step explanation:

Given

Measured Length of backyard = 42m

Actual Length of backyard = 24m

Measured Ratio: \frac{42m}{7}/{\frac{24m}{7} = \frac{6}{4}

Required

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From Abel's calculation:

It can be observed that He divided both numbers by 7

Though 42/7 = 6 but that's not so for 24/7

24/7≠4;

Instead 24/7 = 3.43 (Approximated)

To get the actual ration, he has to divide both numbers by the highest common factor

The common factors of 42 and 24 include 2,3,6 of which the highest is 6

Hence; HCF of 42 and 24 = 6

So, we can conclude that the error in his calculation is having not dividing both numbers by 6

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