9 of 40 random from the portfolio plot shown less than S24, (b) between S24 and

Question

9 of 40 random from the portfolio plot shown less than S24, (b) between S24 and by the box-and-whisker to the right. Find the that the stock price is (a) 24 32 54 $54, and (c) $32 or more. (a) The probabity that the stock price is less than $24 is (Do not round.) (b) The probability that the stock price is between S24 and S54 is(Do not round) (c) The probability that the stock price is$32 or more is(Do not round.) 95x 10 20 30 40 50 60 70 8 100 Enter your answer in each of the answer boxes Type here to search

Explanation / Answer

a) $24 is the first quartile. So,

Probability that the stock price is less than $24 is 0.25

b) $24 is first quartile and $54 is third quartile. So,

Probability that the stock price is between $24 and $54 is 0.50

c) $32 is median. So,

Probability that the stock price is $32 or more is 0.50

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