Exhibit 6-7
-A Random Variable X Is Uniformly Distributed $\le$

question 32

Short Answer

Exhibit 6-7
-A random variable x is uniformly distributed between 45 and 150.
a.Determine the probability of x = 48.
b.What is the probability of x $\le$ 60?
c.What is the probability of x $\ge$ 50?
d.Determine the expected vale of x and its standard deviation.

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Definitions:

Planning Budget

A budget prepared for a particular level of activity; it can be adjusted for various levels of operations, and it aids in the planning process.

Tenant-Days

A metric used in real estate to measure occupancy, calculated by multiplying the number of tenants by the number of days they occupy a space.

Revenue And Spending Variance

The difference between actual and budgeted or forecasted revenue and expenses over a specific period.

Net Operating Income

The total profit a company generates from its operations, excluding expenses and revenues not related to the primary business activities.