SOLUTION: Suppose that the value of a stock varies each day from $9.82 to $22.17 with a uniform distribution. Find the upper quartile; 25% of all days the stock is above what value? (Ente

Algebra ->  Probability-and-statistics -> SOLUTION: Suppose that the value of a stock varies each day from $9.82 to $22.17 with a uniform distribution. Find the upper quartile; 25% of all days the stock is above what value? (Ente      Log On


   

Question 1119167: Suppose that the value of a stock varies each day from $9.82 to $22.17 with a uniform distribution.
Find the upper quartile; 25% of all days the stock is above what value? (Enter your answer to the nearest cent.)
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
The range is $12.35
a quarter is at $3.0875
Subtract that from the top value to get $19.0825,
Above $19.08