Suppose that the value of a stock varies each day from $18 to $27 with a uniform distribution. (a) Find the probability that the value of the stock is more than $19. (Round your answer to four decimal places.) (b) Find the probability that the value of the stock is between $19 and $22. (Round your answer to four decimal places.) (c) Find the upper quartile; 25% of all days the stock is above what value? (Enter your answer to the nearest cent.) $ Draw the graph. (d) Given that the stock is greater than $18, find the probability that the stock is more than $21. (Round your answer to four decimal places.)
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Suppose that the value of a stock varies each day from $18 to $27 with a uniform distribution.
(b) Find the probability that the value of the stock is between $19 and $22. (Round your answer to four decimal places.)
(c) Find the upper quartile; 25% of all days the stock is above what value? (Enter your answer to the nearest cent.)
$
Draw the graph.
(d) Given that the stock is greater than $18, find the probability that the stock is more than $21. (Round your answer to four decimal places.)
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