Using the Following Uniform Density Curve, Answer the Question

question 164

Multiple Choice

Using the following uniform density curve, answer the question.
-What is the probability that the random variable has a value greater than 3?

• A)0.575
• B)0.500
• C)0.625
• D)0.750

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Definitions:

Note Payable

A written agreement where one party promises to pay another party a certain amount of money at a future date or on demand.

Accounting Equation

The foundational principle of accounting that maintains that assets equal the sum of liabilities and owner's equity.

Equity

Ownership interest in a company, representing the amount of assets that would be returned to shareholders if all debts were paid.

Balance Sheets

Financial statements that show the assets, liabilities, and equity of a company at a specific point in time, providing a snapshot of its financial position.