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The Price of a Stock Is Uniformly Distributed Between $30

question 75

Short Answer

The price of a stock is uniformly distributed between $30 and $40.
a.What is the probability that the stock price will be more than $37?
b.What is the probability that the stock price will be less than or equal to $32?
c.What is the probability that the stock price will be between $34 and $38?
d.Determine the expected price of the stock.
e.Determine the standard deviation for the stock price.


Definitions:

Product Needs

The specific features, benefits, and solutions that customers seek in a product to satisfy certain requirements or solve problems.

Unconscious Need Level

The level at which people do not know why they buy a product.

Perceptive Observations

The act of keenly and accurately noting and interpreting subtle details or changes, often critical in understanding context or behaviors in various fields like psychology, sales, and research.

Skillful Questioning

The technique of asking insightful and relevant questions to gather information, clarify understanding, and lead conversations effectively.

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