Suppose a Uniform Random Variable Can Be Used to Describe

question 30

Multiple Choice

Suppose a uniform random variable can be used to describe the outcome of an experiment with the outcomesranging from 30 to 70. What is the probability that this experiment results in an outcome less than 40?

• A) 0.25
• B) 0.1
• C) 0.31
• D) 1

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Definitions:

Economic Recovery

A period of increasing business activity signaling the end of a recession, characterized by a rise in employment, consumer spending, and overall economic growth.

Illegal Action

Any activity or conduct that is prohibited by law and is subject to criminal or civil penalties.

Wagering Agreements

Contracts or agreements where the parties commit to payments based on the outcome of an uncertain event, often considered void in many legal systems due to lack of insurable interest.

Economic Interest

A financial stake in an enterprise or transaction that influences an individual's or entity's decisions or actions regarding it.