A Random Variable X Is Uniformly Distributed Between 45 and 150

question 79

Short Answer

A random variable X is uniformly distributed between 45 and 150.
a. Determine the probability of X = 48.
b. What is the probability of X ≤ 60?
c. What is the probability of X ≥ 50?
d. Determine the expected vale of X and its standard deviation.

Understand the application of financial functions in Excel.

Recognize the indicators and syntax of Excel formulas.

Learn how to effectively manage and correct errors in Excel spreadsheets.

Understand the principles of data validation and error tracking in Excel.

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Definitions:

Salary Expense Account

An account recording the total amount paid to employees for services rendered during a specific period, before any deductions.

Credit Entries

Entries made in the accounting records that increase liabilities or decrease assets.

Expense Account

An account specifically used to track expenditures related to specific activities, projects, or operations.

Credit

An arrangement where goods, services, or money is received in exchange for a promise to pay back a specific amount in the future.