Suppose the average price of electricity for a New England customer follows the continuous uniform distribution with a lower bound of 12 cents per kilowatt-hour and an upper bound of 20 cents per kilowatt-hour.

a. Calculate the average price of electricity for a New England customer.

b. What is the probability that a New England customer pays less than 15.5 cents per kilowatt-hour?

c. A local carnival is not able to operate its rides if the average price of electricity is more than 14 cents per kilowatt-hour.

What is the probability that the carnival will need to close? LO5