Modern Bytes Computers allows its sales team to buy and sell shares that pay out $1 only if the sales in the future fall in a certain range. Suppose that currently shares for sales between 15,000 and 20,000 computers are selling for 20 cents each. Shares for sales between 20,000 and 25,000 computers are selling for 30 cents each. Shares for sales between 25,000 and 30,000 computers are selling for 30 cents each. Based on this information, what is the probability of Modern Bytes Computers selling between 15,000 and 25,000 computers?
A) 20 percent
B) 60 percent
C) 30 percent
D) 50 percent

Question

Quizplus · Accepted Answer

The shares for sales between 15,000 and 25,000 computers are selling for 20 cents and 30 cents, respectively. The total cost for these shares is 50 cents, indicating a 50% probability of sales falling within this range.

Modern Bytes Computers Allows Its Sales Team to Buy and Sell