Google stock was trading for an average of $1018.27 on 2/9/2018. Suppose the value of the...

Google stock was trading for an average of $1018.27 on 2/9/2018. Suppose the value of the stock that day was normally distributed with a standard deviation of $8.57.
What was the probability that the stock was valued between $1020 and $1060?
0.42
Five percent of the time the stock was trading at what value or higher?
$1032.37
What is the maximum price you should pay if you don’t want to exceed the twentieth percentile of costs?
$1011.06

I have answers just need to know the formula's and where to plug in stuff I see a answer like this answered but I cannot understand how the person did the math

Expert Solution

orchestra answered 2 years ago

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