Suppose that the value of a stock varies each day from $18 to $29 with a uniform distribution.
(a) Find the probability that the value of the stock is more than $19. (Round your answer to four decimal places.)
Correct: Your answer is correct.
(b) Find the probability that the value of the stock is between $19 and $26. (Round your answer to four decimal places.)
Incorrect: Your answer is incorrect.
(c) Find the upper quartile; 25% of all days the stock is above what value? (Enter your answer to the nearest cent.)
$
Correct: Your answer is correct.
Draw the graph.
WebAssign Plot WebAssign Plot
WebAssign Plot WebAssign Plot
Correct: Your answer is correct.
(d) Given that the stock is greater than $18, find the probability that the stock is more than $25. (Round your answer to four decimal places.)