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In: Statistics and Probability

The price of a bond is uniformly distributed between $60 and $100. What is the probability...

The price of a bond is uniformly distributed between $60 and $100.

  1. What is the probability that the bond price will be at least $83?          [5 pts.]
  2. What is the probability that the bond price will be between $55 to $90? [5 pts.]
  3. What is the probability that the bond price will be less than $85? [5 pts.]
  4. What is the probability that the bond price will be more than $92.5? [5 pts.]
  5. Determine the expected price of the bond. [5 pts.]
  6. Determine the variance of the price of the bond. [5 pts.]
  7. Determine the standard deviation of the price of the bond. [5 pts.]

DO NOT SHOW WORK IN THE SPACE BELOW. You must attach a document to question 6 showing your work for problems 3-5 in order to receive credit. All files must be pdf format. You will receive a 0 grade for a question if you do not show work or give an explanation for your answer (graphs preferred).

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orchestra answered 2 years ago
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