A random sample of 40 stocks are selected what is the


In a given stock portfolio consisting of thousands of stocks, the average price of stocks is $80 and the standard deviation is $18. A random sample of 40 stocks are selected. What is the probability that the sample mean would be below $86? (Provide four decimal places).

Solution Preview :

Prepared by a verified Expert
Basic Statistics: A random sample of 40 stocks are selected what is the
Reference No:- TGS02636430

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)