Two of the main goals of International Consumer Law is to set a global minimum consumer protection standard and to remove obstacles to cross-border trade. The United Nations Guidelines on Consumer Protection (UNGCP) were promulgated to provide guidance as to the minimal standards of protection within the global market. The United Nations Conference for Trade and Development (UNCTAD) promotes those guidelines to member states. In addition to U.N. activity, the International Consumer Protection and Enforcement Network (ICPEN) was established in 1992 to promote international protection for consumers by creating a collaborative forum to address cross-border misconduct.

The UN Guidelines are designed with the intention of providing a inspirational model. Describe the fundamental principles upon which it is based. In addition, identify the long-term goals of the ICPEN in its effort to motivate cross-border traders to engage in acceptable conduct. Describe a couple of the mechanisms that the ICPEN use to encourage compliance.

a) Find the probability density function of the random variable of Problem 2-2.1 and sketch it. b) Using the probability density function, find the probability that the random variable is in the range between four and seven inclusive. c) Using the probability density function, find the probability that the random variable is less than four