Do you mean uniformly or normally?
"Uniformly" would indicate equal frequency for all monetary values.
Of the 14 values, there are six values "more than $23." Thus it is 6/14 = 3/7 = 43%
This should help you to determine your answer to the second question.
The closing price of Schnur Sporting Goods, Inc., common stock is uniformly distributed between $16 and 29 per share.Exercises
What is the probability that the stock price will be:
More than $23?
Less than or equal to $19?
1 answer
1 answer