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The price of a stock is uniformly distributed between $50 and $60. (a) What is the probability that the stock price will be more
The price of a stock is uniformly distributed between $50 and $60. (a) What is the probability that the stock price will be more than $57? 0.4 (b) What is the probability that the stock price will be less than or equal to $54? 0.25 (c) What is the probability that the stock price will be between $54 and $59? 0.4167 X (d) Determine the expected price (in dollars) of the stock. $ 55 (e) Determine the standard deviation (in dollars) for the stock price. (Round your answer to two decimal places. $ 2.89
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