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.
- What is the probability that the bond price will be at least
$83? [5
pts.]
- What is the probability that the bond price will be between $55
to $90? [5 pts.]
- What is the probability that the bond price will be less than
$85? [5 pts.]
- What is the probability that the bond price will be more than
$92.5? [5 pts.]
- Determine the expected price of the bond. [5 pts.]
- Determine the variance of the price of the bond. [5 pts.]
- 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).