Suppose that the value of a stock varies each day from ($16) to ($25) with a uniform

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Suppose that the value of a stock varies each day from \($16\) to \($25\) with a uniform distribution.

a. Find the probability that the value of the stock is more than \($19.

b.\) Find the probability that the value of the stock is between \($19\) and \($22.

c.\) Given that the stock is greater than \($18,\) find the probability that the stock is more than \($21.\)

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Introductory Business Statistics

ISBN: 202318

1st Edition

Authors: Alexander Holmes , Barbara Illowsky , Susan Dean

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