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After a particular heavy snowstorm, the depth of snow reported in a mountain village followed a uniform distribution over the interval from 15 to 22 inches of snow. Find the probability that a randomly selected location in this village had between 17 and 18 inches of snow. Round to the nearest ten-thousandth.
Financial Intermediation
The process by which financial institutions such as banks mediate or stand between savers and borrowers to facilitate financial transactions.
Financial Institution
An organization that provides financial services to its clients or members, such as banking, investing, and insurance.
Stocks and Bonds
Securities representing equity ownership in a corporation (stocks) and debt obligations of an entity (bonds), each offering different risk and return profiles.
Securities and Exchange Commission (SEC)
A U.S. government agency responsible for regulating the securities markets and protecting investors.
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