Exhibit 6-7 -The Price of a Bond Is Uniformly Distributed Between $80

question 117

Short Answer

Exhibit 6-7
-The price of a bond is uniformly distributed between $80 and $85.
a.What is the probability that the bond price will be at least $83?
b.What is the probability that the bond price will be between $81 and $90?
c.Determine the expected price of the bond.
d.Compute the standard deviation for the bond price.

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Definitions:

Motor Cortex

The region of the cerebral cortex involved in the planning, control, and execution of voluntary movements.

Spinal Cord

The major column of nerve tissue that is connected to the brain and lies within the vertebral canal and from which the spinal nerves emerge.

Premotor Cortex

The premotor cortex is an area of the frontal cortex, located anterior to the primary motor cortex, involved in planning and executing movements.