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March 26, 2017

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The closing price of Schnur Sporting Goods, Inc., common stock is uniformly distributed between $21 and 36 per share.Exercises

What is the probability that the stock price will be:

(a) More than $28

  • Statistics - ,

    "Uniformly distributed" means that there is an equal frequency for all values.

    (36-29)/(36-21) = ?

  • Statistics - ,

    .4666

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