Exhibit 6-3 Consider the Continuous Random Variable X, Which Has a Uniform

question 35

Multiple Choice

Exhibit 6-3
Consider the continuous random variable X, which has a uniform distribution over the interval from 20 to 28.
-Refer to Exhibit 6-3. The mean of X is

• A)0.000
• B)0.125
• C)23
• D)24

---

Definitions:

Marginal Tax Rates

The rate at which your last dollar of income is taxed, representing the tax bracket your top income falls into.

Capital Gains

are the increase in value of an investment or real estate, realized when the asset is sold for more than its purchase price.

Extra Cash Dividend

A supplementary dividend paid to shareholders that is above the company's normal dividend level.

Stock Price

The cost of purchasing a single share of a particular stock, which can fluctuate based on market conditions.