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STAT 2200 Quiz 1: Probability Distributions in Finance, Quizzes of Data Analysis & Statistical Methods

University of Missouri (MU) - ColumbiaData Analysis & Statistical Methods

The solutions to quiz 1 for the stat 2200 finance statistics course. It includes problems related to uniform and normal distribution of monthly profits and gas prices. Students are required to show all work for each problem.

Typology: Quizzes

Pre 2010

Uploaded on 08/18/2009

koofers-user-rh0
koofers-user-rh0 🇺🇸

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STAT 2200 QUIZ #1T. DeWees
Name: Score:
Show ALL work for ALL problems.
1. The monthly profits from oil stocks are uniformly distributed from $10.25 to $15.45.
(a) ( 5 points ) What is the probability that a stock will profit between $12 and $14 in a month?
(b) ( 5 points ) How much will an oil stock have to profit in a month to profit more than 37% of the rest of
the oil stocks?
1
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STAT 2200 QUIZ # 1 T. DeWees

Name: Score:

Show ALL work for ALL problems.

  1. The monthly profits from oil stocks are uniformly distributed from $10.25 to $15.45.

(a) ( 5 points ) What is the probability that a stock will profit between $12 and $14 in a month?

(b) ( 5 points ) How much will an oil stock have to profit in a month to profit more than 37% of the rest of the oil stocks?

  1. The distribution of gas prices among all stores is normally distributed with a mean of $5.35 with a standard deviation of $1.76.

(a) ( 5 points ) What is the probability that the gas station on Providence and Cherry has gas for more than $3.75?

(b) ( 5 points ) What is the probability that the 25 gas stations in Columbia hav an average gas price of more than $5.00.