The Age of Customers at a Local Hardware Store Follows

question 99

Multiple Choice

The age of customers at a local hardware store follows a uniform distribution over the interval from 18 to 60 years old. Find the probability that the next customer who walks through the door exceeds 50 years old. Round to the nearest ten-thousandth.

• A) 0.8333
• B) 0.3600
• C) 0.2381
• D) 0.7619

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Definitions:

Surviving Corporation

The corporation that remains after a merger, having absorbed another corporation and retained its rights, privileges, and liabilities.

Total Assets

The sum of all current and non-current assets owned by an individual or company, reflecting the total resources or value that the entity controls.

Dissenters' Rights

Legal provisions that allow shareholders to object to certain corporate actions, usually by selling their shares for a fair value.

Compulsory Share Exchange

A mandatory exchange of shares between companies, typically in the context of a merger or acquisition.