An investment firm offers its customers municipal bonds that mature after varying numbers of years. Given that

Question:

An investment firm offers its customers municipal bonds that mature after varying numbers of years. Given that the cumulative distribution function of T, the number of years to maturity for a randomly selected bond, is, find(a) P (T = 5);(b) P (T > 3);(c) P (1.4

Bonds
When companies need to raise money, issuing bonds is one way to do it. A bond functions as a loan between an investor and a corporation. The investor agrees to give the corporation a specific amount of money for a specific period of time in exchange... Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...