Question

Question 16

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Suppose that the value of a stock varies each day from $8.82 to $27.17 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.)
Pls helppp

Answer 1

Explanation:

CDF of a uniform distribution: (x-a)/(b-a)

.75=(x-8.82)/(27.17-8.82)

x=22.5825= 22.58