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The retail price of a medium-sized box of a well-known brand of cornflakes ranges from $3.20 to $3.65. Assume these prices are uniformly distributed. **(Round
The retail price of a medium-sized box of a well-known brand of cornflakes ranges from $3.20 to $3.65. Assume these prices are uniformly distributed.
**(Round your answer to 3 decimal places.) ***(Round your answer to 4 decimal places.) (a) What is the average price in this distribution? ** (b) What is the standard deviation of prices in this distribution? ** (c) If a price is randomly selected from this list, what is the probability that it will be between $3.32 and $3.46? ***
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