A Random Variable X Is Uniformly Distributed Between 45 and 150

question 128

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.

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Definitions:

Bond

A fixed income investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a fixed interest rate.

Vintage

A term used to describe the age of an item, often indicating quality, rarity, and value, particularly in the context of wines, cars, and collectibles.

Stored

Kept or accumulated for future use.

Present Value

The present-day valuation of an anticipated amount of money or cash flows, considering a predetermined rate of return.