The closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed between $18 and $28 per share.
What is the probability that the stock price will be:
More than $20? (Round your answer to 4 decimal places.)
Less than or equal to $26? (Round your answer to 4 decimal places.)
Solution :
Given that,
a = 18
b = 28
(a)
P(x > 20) = (28 - 20) / (28 - 18) = 0.8000
(b)
P(x 26) = (26 - 18) / (28 - 18) = 0.8000
The closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed between $18 and...
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