The Price of a Bond Is Uniformly Distributed Between $80

question 109

Short Answer

The price of a bond is uniformly distributed between $80 and $85.
a.What is the probability that the bond price will be at least $83?
b.What is the probability that the bond price will be between $81 to $90?
c.Determine the expected price of the bond.
d.Compute the standard deviation for the bond price.

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