Use the Data Given Below to Answer the Following Questions)

question 29

Essay

Use the data given below to answer the following questions).
The profit from selling folding tables varies uniformly each quarter between $1,500 and $2,300.
-What is the probability that profit will be less than $1,900?

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Definitions:

Outstanding Common Shares

The total number of common shares of a corporation that are issued and currently held by shareholders.

Total Equity

The total net value of a company, calculated as the difference between its total assets and total liabilities.

Excess Liquidity

The situation in which an individual or entity has more liquid assets available than is necessary for immediate operational needs.

Freeze-Out

happens in a corporate context when majority shareholders exclude minority shareholders from decision-making, often to coerce them into selling their shares.