You pretty much just flip the second fraction and factor
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1 answer:
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Answer:
a. P= 0.6364
b. P = 0.3636
c. Q = $21.25
d. P = 0.5
Step-by-step explanation:
given data
value of a stock varies = $13 to $24
solution
P (stock value is more than $17)
P =
P =
P = 0.6364
and
P (value of the stock is between $17 and $21)
P =
P =
P = 0.3636
and
Let the upper quartile be Q
(24 - Q) = 2.75
so
Q = $21.25
and
P(X > 20 | X > 16)
P =
P =
P = 0.5