Question
The closing price for XYZ Company's common stock is uniformly distributed between $10 and $20 per share.
What is the probability that the stock price will be greater than $17?
What is the probability that the stock price will be between $12.50 and $16?
What is the probability that the stock price will be greater than $17?
What is the probability that the stock price will be between $12.50 and $16?