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 42 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
Excellent

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

How to use a tree diagram to find the probability How to use a tree diagram to find the probability
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Calculation of Joint Probability of a Genotype Based on Seven CODIS STR Markers Calculation of Joint Probability of a Genotype Based on Seven CODIS STR Markers
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Dissociative Disorders (Part 3)

For a complete list of videos, visit our video library