The stock price of a particular asset has a mean and standard deviation of $58.50 and $8.25,respectively.Use the normal distribution to compute the 95^th percentile of this stock price. A) -1.645 B) 1.645 C) 44.93 D) 72.07

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Quizplus · Accepted Answer

The 95th percentile of a normal distribution can be found using the formula: mean + (Z-score * standard deviation). The Z-score for the 95th percentile is approximately 1.645. Therefore, the calculation is 58.50 + (1.645 * 8.25) = 72.07.

The Stock Price of a Particular Asset Has a Mean