MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Empirical research on stock market data indicates that over the course of a year, 60% of stocks go up.
A random sample of 600 stocks is going to be chosen at the beginning of next year. Let p be the proportion of the stocks in the sample that go up over the
course of a year.
Answer the following. (If necessary, consult a list of formulas.)
(a) Find the mean of p.
0
(b) Find the standard deviation of p.
0
(c) Compute an approximation for P(p>0.64), which is the probability that more than 64% of the stocks in the sample
go up over the course of the year. Round your answer to four decimal places.
X
5
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Transcribed Image Text:Empirical research on stock market data indicates that over the course of a year, 60% of stocks go up. A random sample of 600 stocks is going to be chosen at the beginning of next year. Let p be the proportion of the stocks in the sample that go up over the course of a year. Answer the following. (If necessary, consult a list of formulas.) (a) Find the mean of p. 0 (b) Find the standard deviation of p. 0 (c) Compute an approximation for P(p>0.64), which is the probability that more than 64% of the stocks in the sample go up over the course of the year. Round your answer to four decimal places. X 5
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