Please help with this question, I need to make sure I'm right. Thanks
1 answer:
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Answer:
a) 0.3571 = 35.71% probability that the stock price will be more than $25.
b) 0.1429 = 14.29% probability that the stock price will be less than or equal to $18.
Step-by-step explanation:
Uniform probability distribution:
An uniform distribution has two bounds, a and b.
The probability of finding a value of at lower than x is:
The probability of finding a value between c and d is:
The probability of finding a value above x is:
Uniformly distributed between $16 and $30 per share.
This means that
a) More than $25?
0.3571 = 35.71% probability that the stock price will be more than $25.
b) Less than or equal to $18?
0.1429 = 14.29% probability that the stock price will be less than or equal to $18.
Answer:
Each friend will get 18 sea shells.
Step-by-step explanation:
Given:
Rudy has white sea shells = 10
Rudy has pink sea shells = 23
Rudy has brown sea shells = 21
Number of friends = 3
Rudy divides the sea shells into equally between three friends.
We need to find how many sea shells each friend can get.
Now first we find the total number sea shells.
Total number of sea shells = white sea shells + pink sea shells + brown sea shells = 10 + 23 + 21 = 54
Now to find number of sea shell each friend can get we will divide total number of sea shell with number of friends.
number of sea shell each friend can get =
Hence each friend will get 18 sea shells.