Stock probability

Question

Suppose that the value of a stock varies each day from $12.22 to $45.34 with a uniform distribution.

Given that the stock is greater than $17, find the probability that the stock is more than $33. (No rounding)

Answer 1

Given that the stock is greater than 17, its range is 17 to 45.34.

The probability it is more than 33 is (45.34 - 33)/(45.34-17).