Suppose that the value of a stock varies each day from $14 to $25 with a uniform distribution.

(a) Find the probability that the value of the stock is more than $16. (Round your answer to four decimal places.)

(b) Find the probability that the value of the stock is between $16 and $20. (Round your answer to four decimal places.)

(c) Find the upper quartile; 25% of all days the stock is above what value? (Enter your answer to the nearest cent.)

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**D. ** Given that the stock is greater than $15, find the probability that the stock is more than $19. (Round your answer to four decimal places.)

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From the question, it is given: X ∼ U ( 1 4 , 2 5 ) Whereby: a = 1 4 b = 2 5 ... View the full answer