Suppose that the random variable x weekly water usage (in gallons) for a randomly selected studio apartment in Los Angeles has the probability distribution described by the following density curve a What probability is represented by the shaded area b Suppose the shaded area 0 35 Interpret this pro...

a P 700 x 1100 b The probabilit ...

Suppose that the random variable x = weekly water usage (in gallons) for a randomly selected studio

Question:

Suppose that the random variable x = weekly water usage (in gallons) for a randomly selected studio apartment in Los Angeles has the probability described by the following density curve.

a. What probability is represented by the shaded area?
b. Suppose the shaded area = 0.35. Interpret this probability in the context of this problem.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...