Posted by **Lamarr** on Saturday, October 15, 2011 at 3:03pm.

Fluctuation in the prices of precious metals such as gold have been empirically shown to be well approximated by a normal distribution when observed over short interval of time. In May 1995, the daily price of gold (1 troy ounce) was believed to have a mean of $383 and a standard deviation of $12. A broker, working under these assumptions, wanted to find the probability that the price of gold the next day would be between $394 and $399 per troy ounce. In this eventuality, the broker had an order from a client to sell the gold in the client's portfolio. What is the probability that the client's gold will be sold the next day?

- GOLD DUST FOR SALE -
**BENSON IMO**, Tuesday, January 17, 2012 at 5:05am
GOLD DUST FOR SALE

Dear Sir/ Madam,

We are small scale Gold miners here on the sub-region of West Africa. We have some huge

quantity of alluvial Gold Dust for sale at a considerable price of $30,500USD per kilo

which is below world market price, 22 carat and 92.05% purity. If you are interested, do

not hesitate to get back to us as soon as possible for us to give you our full co-operate

offer (FCO)

Best Regards

MR BENSON IMO

## Answer this Question

## Related Questions

- Distribution & probabilities - Fluctuation in the prices of precious metals such...
- ITT - The time spent (in days) waiting for a heart transplant in two states for ...
- statistics - 8. Suppose that the IQ score for a person selected from a certain ...
- Stats - The time that it takes a randomly selected job applicant to perform a ...
- statistics - The time that it takes a randomly selected job applicant to perform...
- MATH - We want an estimate of the mean time required for ships of a particular ...
- Probability - Let T1,T2,…,Tn be i.i.d. observations, each drawn from a common ...
- US History: FDR - "...nation's impulse to inflate had been the gold standard, ...
- Probability - Let T1,T2,…,Tn be i.i.d. observations, each drawn from a common ...
- calculus - A particle moves along a number line such that its position s at any ...

More Related Questions