(adsbygoogle = window.adsbygoogle || []).push({}); 1. The problem statement, all variables and given/known data

I buy a stock at Apple Inc. History shows that the average daily stock price is $297 with a variance of $5. If I buy a stock at $300, what is the probability that after 10 years I will be able to sell the stock at at least that price?

2. Relevant equations

3. The attempt at a solution

I know of one way to solve this problem: Gaussian distribution. I know that I can calculate the probability of $300, $301, $302,...$n with a simple equation. I just want to know if there is another way of doing it.

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# Homework Help: Probability of selling a stock higher than you bought it

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