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tangare [24]
3 years ago
8

xThe closing price of Schnur Sporting Goods Inc. common stock is uniformly distributed between $18 and $28 per share. What is th

e probability that the stock price will be: More than $20? (Round your answer to 4 decimal places.)
Mathematics
1 answer:
Sav [38]3 years ago
8 0

Answer:

The  probability is P(X > 20 ) =  0.8

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

       P(X > 20 ) =  1 - P(X < 20  )

Since it is uniformly distribute  between $18 and $28 per share then we can solve is as follows

=>     P(X > 20 ) =  1 - [\frac{ 20 -  18 }{28 -18} ]

=>    P(X > 20 ) =  0.8

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