The closing price of Schnur Sporting Inc. common stock is uniformly distributed between $16 and $27 that is a = 16 and b = 27
a) P(More than $21) that is P(X > 21)
The formula of distribution function of uniform distribution is,
P(X > 21) can be written as,
The probability that stock price will be more than $21 is 0.5455
b) P(Less than or equal to $22) that
By using distribution function, the probability is
The probability that stock price will be less than or equal to $22 is 0.5455
The closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed between $16 and...
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