Multiple Choice
A stockbroker has kept a daily record of the value of a particular stock over the years and finds that prices of the stock form a normal distribution with a mean of $8.52 with a standard deviation of $2.38. The percentile rank of a price of $13.87 is _________.
A) 48.78%
B) 1.22%
C) 98.78%
D) 51.22%
Correct Answer:
Verified
Correct Answer:
Verified
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