Given:
mean = 16
standard deviation = 12
variance = 144
z = (x - μ) / σ
z = (13 - 16) / 12
z = -3 /12
z = -1/4 or -0.25
Answer:
a) 10 then 6
b)$28
c) no
Step-by-step explanation:
Answer:
1.2144xx
Step-by-step explanation:
The multiplier of value for the first year was (1 +38%) = 1.38.
The multiplier of value for the second year was (1 -12%) = 0.88.
Then the multiplier of value for the two years was ...
1.38×0.88 = 1.2144
The value of the stock after 2 years was ...
1.2144xx
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