The Price of a Stock Is Uniformly Distributed Between $30

question 75

Short Answer

The price of a stock is uniformly distributed between $30 and $40.
a.What is the probability that the stock price will be more than $37?
b.What is the probability that the stock price will be less than or equal to $32?
c.What is the probability that the stock price will be between $34 and $38?
d.Determine the expected price of the stock.
e.Determine the standard deviation for the stock price.

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Definitions:

Icon

A symbol or graphic representation on a screen; or a person or thing regarded as a representative symbol or as worthy of veneration.

Echo

A reflected sound wave that is heard again by the emitter or another listener because the sound waves bounce off objects.

Sensory Registers

The initial processing systems in the brain that hold incoming information from the senses for a very brief period of time.

STM

Stands for Short-Term Memory, which is the capacity for holding a small amount of information in an active, readily available state for a short period of time.