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The Following Table Shows Closing Share Prices (On the First

Question 17

Essay

The following table shows closing share prices (on the first trading day of August,
2007) for a small sample of companies.  COMPANY  CLOSING SHARE PRICE - 08/07  3M Dental Products 86.95 Tyco Electronics Power Systems 47.45 Kyocera America Inc. 94.10 Pfizer Inc. 22.39 Xerox Company 17.56 Northrop Grumman Corporation 75.81 Lockheed Martin Maritime Systems 100.17 Sony DADC 51.91 Matsushita Electronic Components 17.91 Foster Wheeler Environmental Corp. 55.67\begin{array} { | l | c | } \hline \text { COMPANY } & \text { CLOSING SHARE PRICE - 08/07 } \\\hline \text { 3M Dental Products } & 86.95 \\\hline \text { Tyco Electronics Power Systems } & 47.45 \\\hline \text { Kyocera America Inc. } & 94.10 \\\hline \text { Pfizer Inc. } & 22.39 \\\hline \text { Xerox Company } & 17.56 \\\hline \text { Northrop Grumman Corporation } & 75.81 \\\hline \text { Lockheed Martin Maritime Systems } & 100.17 \\\hline \text { Sony DADC } & 51.91 \\\hline \text { Matsushita Electronic Components } & 17.91 \\\hline \text { Foster Wheeler Environmental Corp. } & 55.67 \\\hline\end{array}
a. Calculate the mean.
b. Calculate the standard deviation
c. Standardize the share price for Matsushita Electronic Components (find the z score).
Interpret its meaning.

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