Answer:
0.39375 = 39.375% probability that the next book by this publisher captures at most 6.15% of the market
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:
Randomly between 3 and 11% of the market.
This means that
What is the probability that the next book by this publisher captures at most 6.15% of the market?
0.39375 = 39.375% probability that the next book by this publisher captures at most 6.15% of the market