SOLUTION: Suppose that the value of stock varies each day from $16 to $25 with a uniform distribution. Find the probability that the value of the stock is between$19 and $21

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Question 1153903: Suppose that the value of stock varies each day from $16 to $25 with a uniform distribution. Find the probability that the value of the stock is between$19 and $21
Answer by ikleyn(52819) About Me  (Show Source):
You can put this solution on YOUR website!
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The solution is the ratio of the partial length 21-19 = 2 to the full length 25-16 = 9


    P = %2821-19%29%2F%2825-16%29 = 2%2F9.    ANSWER

Solved.