Exhibit 6-7
-The price of a bond is uniformly distributed between $80 and $85.
a.What is the probability that the bond price will be at least $83?
b.What is the probability that the bond price will be between $81 and $90?
c.Determine the expected price of the bond.
d.Compute the standard deviation for the bond price.

Question

Exhibit 6-7 
-The price of a bond is uniformly distributed between $80 and $85.
a.What is the probability that the bond price will be at least $83?
b.What is the probability that the bond price will be between $81 and $90?
c.Determine the expected price of the bond.
d.Compute the standard deviation for the bond price.

Quizplus · Accepted Answer

The Answer of Exhibit 6-7 
-The price of a bond is uniformly distributed between $80 and $85.
a.What is the probability that the bond price will be at least $83?
b.What is the probability that the bond price will be between $81 and $90?
c.Determine the expected price of the bond.
d.Compute the standard deviation for the bond price.

Exhibit 6-7 -The Price of a Bond Is Uniformly Distributed Between $80