ashley opened a savings account with $4000 and was paid simple interest at an annual rate of 9%. When ashley closed the account,
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Answer:
Incomplete question, but the concepts of the uniform distribution needed to solve this question are given here.
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:
The waiting times between a subway departure schedule and the arrival of a passenger are uniformly distributed between a and b minutes.
From here, we get the values of a(smallest value) and b(highest value).
Question of the probabilities:
In the two probability questions, you will get the value of x, and will apply one of the three formulas given above, depending on the question, to find the desired probability.