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If X, the Time (In Minutes)to Complete an Change Job \le

question 20

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If x, the time (in minutes) to complete an change job at certain auto service station, is uniformly distributed over the interval 20 to 30, inclusively (20 \le x \le 30) , then the probability that an oil change job is completed in less than 17 minutes, i.e., P(x < 17) is __________________.

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Definitions:

Required Return

The minimum percentage return an investor expects or requires from an investment to make it worthwhile.

FCFE

Free Cash Flow to Equity, a measure of how much cash is available to the equity shareholders of a company after all expenses, reinvestment, and debt repayment.

Intrinsic Value

The actual, fundamental worth of an asset, as opposed to its market price or book value.

WACC

Weighted Average Cost of Capital, a measure of a company's cost of capital in which each category of capital is proportionately weighted.

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