The price of a bond is uniformly distributed between $80 and $85
a. What is the probability that the bond price will be at least $83?
b. What is the probability that the bond price will be between $81 and $90?
c. Determine the expected price of the bond.
d. Compute the standard deviation for the bond price.
a. .4
b. .8
c. $82.50
d. $1.44
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