Suppose that the value of a stock varies each day from $11.82 to $35.17 with a uniform distribution. Find the third quartile; 75% of all days the stock is below what value? (Enter your answer to the nearest cent.)

Suppose that the value of a stock varies each day from $11.82 to $35.17 with a uniform distribution. Find the third quartile; 75% of all days the stock is below what value? (Enter your answer to the nearest cent.)

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Question

Suppose that the value of a stock varies each day from $11.82 to $35.17 with a uniform distribution.
Find the third quartile; 75% of all days the stock is below what value? (Enter your answer to the nearest
cent.)

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