Calculate the complements of the individual discount rates, 25, ...

[Caiter2013]

Calculate the complements of the individual discount rates, 25, 10, and 10, to obtain a single discount equivalent.
 a. 0.6075
 
  b. 0.7298
 
  c. 0.6245
 
  d. 0.70875

Question 2

The uniform distribution is bounded by a minimum and a maximum, and all values between these two extremes are equally likely.
 a. True
  b. False
   Indicate whether the statement is true or false

[nhea]

Answer to Question 1

a

Answer to Question 2

TRUE