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:

Financial Documents

Papers that contain important financial information, used for analysis, decision-making, or evidence.

Financial Misconduct

Unethical or illegal actions related to the management of finances, including fraud, embezzlement, and manipulation of accounts.

Cash Flow

The movement of money through an organization over a daily, weekly, monthly, or yearly basis.