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.

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Definitions:

Diastereomer

Stereoisomers which do not act as mirror reflections of one another.

Specific Rotation

A measure of the rotation of plane-polarized light by a chiral compound in solution, specific to the wavelength of light and temperature.

(-)-Lactic Acid

An enantiomer of lactic acid that is often associated with the sour taste of fermented foods.

Meso Compound

A molecule with multiple chiral centers that is superimposable on its mirror image due to an internal plane of symmetry.