Suppose that the value of a stock varies each day from $11.82 to $35.17 with a uniform distribution. Find the third quartile; 75% of all days the stock is below what value? (Enter your answer to the nearest cent.)

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Suppose that the value of a stock varies each day from $11.82 to $35.17 with a uniform distribution.
Find the third quartile; 75% of all days the stock is below what value? (Enter your answer to the nearest
cent.)
Transcribed Image Text:Suppose that the value of a stock varies each day from $11.82 to $35.17 with a uniform distribution. Find the third quartile; 75% of all days the stock is below what value? (Enter your answer to the nearest cent.)
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