Answer:
The probability is
Step-by-step explanation:
From the question we are told that
The closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed between $18 and $28 per share.
Given that the stock is uniformly distributed then the probability that the stock price will be more than $20 is mathematically evaluated as
Since it is uniformly distribute between $18 and $28 per share then we can solve is as follows
=>
__
RU is a perpendicular bisector
Here,
21-4z=14-8z
-4z+8z=14-21
4z=-7
Answer: The answer is actually C