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:

Melanocyte

A cell located in the basal layer of the epidermis that produces melanin, a pigment responsible for skin and hair color.

Keratinocyte

A predominant cell type found in the outermost layer of the skin, responsible for producing keratin, a protein that contributes to skin, hair, and nail strength.

Dendritic Cell

A type of immune cell with a key role in initiating and regulating the immune response, capable of presenting antigens to T cells.

Reticular Layer

The component of the dermis beneath the epidermis, consisting of collagen and elastin fibers that give skin its resilience and flexibility.