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 $36?b.What is the probability that the stock price will be less than or equal to $33?c.What is the probability that the stock price will be between $33 and $38?d.Determine the expected price of the stock.e.Determine the standard deviation for the stock price.
What will be an ideal response?
?
| a. | 0.4 |
| b. | 0.3 |
| c. | 0.5 |
| d. | $35 |
| e. | $2.89 |
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