This is the way of solving the equation.
Explain how to calculate the percent of change.
1 answer:
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Answer:
The standard deviation of the price she will get is $8,371.58.
Step-by-step explanation:
An uniform probability is a case of probability in which each outcome is equally as likely.
For this situation, we have a lower limit of the distribution that we call a and an upper limit that we call b.
The variance of the uniform distribution is given by:
The standard deviation is the square root of the variance.
Uniformly distributed between $204,000 and $233,000
This means that
So
The standard deviation is the square root of the variance. So
The standard deviation of the price she will get is $8,371.58.