This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The price of a stock is uniformly distributed between 30 and 40. a. What is the probability that ... (Read 27 times)

crobinson2013

  • Hero Member
  • *****
  • Posts: 535
on: Jun 24, 2018
The price of a stock is uniformly distributed between 30 and 40.
 a. What is the probability that the stock price will be more than 37?
  b. What is the probability that the stock price will be less than or equal to 32?
  c. What is the probability that the stock price will be between 34 and 38?
  d. Determine the expected price of the stock.
  e. Determine the standard deviation for the stock price.

Question 2

A manufacturer wants to estimate the proportion of defective items that are produced by a certain machine. A random sample of 50 items is selected. Which Excel function would NOT be appropriate to construct a confidence interval estimate?
 a. NORM.S.INV
  b. COUNTIF
  c. STDEV
  d. All of these answers are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bigfoot1984

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. .3
b. .2
c. .4
d. 35
e. 2.89

Answer to Question 2

c


crobinson2013

  • Member
  • Posts: 535
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Probability of Major Depression as a Function of 5-HTT Allele and Levels of Maltreatment ... Probability of Major Depression as a Function of 5-HTT Allele and Levels of Maltreatment ...
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Solve this probability question Solve this probability question
ADHD (Stock photo) ADHD (Stock photo)
Conditional Probability Formulas Conditional Probability Formulas
Video: Humerus Adduction Animation

For a complete list of videos, visit our video library