What is probability that the average stock price increased


Suppose that you own such a portfolio of 16 stocks randomly selected from all stocks listed on the New York Stock Exchange (NYSE). on a certain day, you hear on the news that the average stock on the NYSE rose 1.5 points. Assuming that the standard deviation of stock price movements that day was 2 points and assuming stock price movements were normally distributed around their mean of 1.5 points, what is the probability that the average stock price of your portfolio increased?

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Basic Statistics: What is probability that the average stock price increased
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