Question
The closing price of Schnur Sporting Goods, Inc., common stock is uniformly distributed between $21 and 36 per share.Exercises
What is the probability that the stock price will be:
(a) More than $28
What is the probability that the stock price will be:
(a) More than $28
Answers
PsyDAG
"Uniformly distributed" means that there is an equal frequency for all values.
(36-29)/(36-21) = ?
(36-29)/(36-21) = ?
Anonymous
.4666