Statistics homework

Question

Common stock distributed between $20 & $40 what is probability stock price will be more than $33

Answer 1

If the distribution is uniform, the answer is that the probability of greater than 33 is the proportion that is above 33 divided by the entire range: (40-33)/(40-20) = 7/20. If only integer values are allowed, the count would lead 7/21 (or 7/19 if end points are not included).

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