I believe the correct answer is he paid the right amount
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
=>
=>
114.7 should be the answer