What conclusions can you draw from this probability

Assignment Help Business Management
Reference no: EM131987794

The number of shares traded daily is referred to as the volume of trade. During 2008 the average volume traded daily on the ASX All Ordinaries was 992 million with a standard deviation of 252 million.

Assume that the number of shares traded on the ASX is a normal random variable with a mean of 992 million and a standard deviation of 252 million. For a randomly selected day, what is the probability that the volume of trading in these shares is:

(a) below 500 million?

(b) between 750 and 1,000 million?

(c) above 1,200 million?

(d) On 18 September 2008 the All Ordinaries volume of trade was 2,125 million. What is the probability that the volume of trading for the All Ordinaries on a randomly selected day was at least 2,125 million? What conclusions can you draw from this probability?

(In answering this question you need to show all calculations and demonstrate how you obtain your results).

Reference no: EM131987794

Questions Cloud

Confidence interval for the true average of the heights : Determine the 90% confidence interval for the true average of the heights from the data set.
How to find the margin of error as well : To give a 98% confidence interval for a population mean µ, you would use the critical value? Please explain how to find this z-score and how to find the margin
Save each month for retirement : You want to be a millionaire when you retire in 40 years. How much do you have to save each month if you can earn an annual return of 10.8 percent?
Provide viable solutions for your organization : Select one proprietary LMS and one open-access LMS that provide viable solutions for your organization. Provide a rationale for your selections.
What conclusions can you draw from this probability : What is the probability that the volume of trading for the All Ordinaries on a randomly selected day was at least 2,125 million? What conclusions can you draw
Compute the aftertax cost of preferred stock : Compute the aftertax cost of debt. Compute the aftertax cost of preferred stock.
Determine the value of this bond in the market today : Label each of the variables that you would use to determine the value of this bond in the market today:
Show project status and present value : Examine how the PM uses project control charts to show project status and present value.
Organization development and change : 1. Choose a company for study that has gone through a major recent change, turnaround, renewal or transformation.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd