A continuous random variable X has the following probability density function: f(x) = 1/4, 0 ? x ? 4 Find the following probabilities:

a. P(X ? 1)
b. P(X ? 2)
c. P(1 ? X ? 2)
d. P(X = 3)


a. 0.25
b. 0.50
c. 0.25
d. 0

Business

You might also like to view...

What does it mean for organizational leaders to act as moral managers?

What will be an ideal response?

Business

Your supervisor has told you that he wants to "get rid of Jane." Jane is a Hispanic female co-worker who is very bright and capable and hardworking. Your supervisor has asked you to document everything Jane does and says that will help build a case for termination. You should do as your supervisor tells you

Indicate whether the statement is true or false

Business

Which of the following is NOT a strength of the payback method of capital budgeting?

A) The payback values are relatively simple to calculate. B) When comparing projects the payback method decision is intuitive. C) The payback method uses all project cash flows in establishing the project payback period. D) It is a quick measure of the inherent risk of a project.

Business

Burlington offered its customers a reduction in price on some clothing items that were slightly faded from being in the window at the front of the store. This reduction is called a

A. cost of goods sold. B. sales allowance. C. sales return. D. sales discount. E. sales bargain.

Business