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Probability that the price of the stock will be greater

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Reference no: EM131692648

Question: An analyst believes that the price of an IBM stock is a normally distributed random variable with mean $105 and variance 24. The analyst would like to determine a value such that there is a 0.90 probability that the price of the stock will be greater than that value. Find the required value.

Reference no: EM131692648

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