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# 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...

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.)

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

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