Business stats questions
The price of a stock is uniformly distributed between $25 and $40
What is the probability that the stock price will be between $33 and $37?
Determine the expected price of the stock
Determine the standard deviation for the stock
The miles-per-gallon obtained by the 1995 model Z cars is normally distributed
with a mean of 22 miles-per-gallon and a standard deviation of 5 miles-pergallon.
What is the probability that a car will get between 12.0and 34.1 miles-per gallon?
What is the probability that a car will get more than 29.6 miles-per-gallon?
What is the probability that a car will get less than 18 miles-per-gallon?
What is the probability that a car will get exactly 28miles-per-gallon?
The time it takes a mechanic to change the oil in a car is exponentially distributed with a mean of 5 minutes
What is the probability that it will take a 6 and 10 min to change the oil?
What is the probability that it will take less than 4 min to change the oil?
