Suppose that the value of a stock varies each day from $13 to $24 with a uniform distribution. (a) Find the probability that the value of the stock is more than $17. (Round your answer to four decimal places.) (b) Find the probability that the value of the stock is between $17 and $21. (Round your answer to four decimal places.) (c) Find the upper quartile; 25% of all days the stock is above what value? (Enter your answer to the nearest cent.) (d) Given that the stock is greater than $16, find the probability that the stock is more than $20. (Round your answer to four decimal places.)
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Home » Mathematics » Suppose that the value of a stock varies each day from $13 to $24 with a uniform distribution. (a) Find the probability that the value of the stock is more than $17. (Round your answer to four decimal places.