Why random variable x is known to be uniformly distributed
Find the probability for uniform distribution.
The random variable x is known to be uniformly distributed between 70 and 90. The possibility of x having a value between 80 to 95 is
a) 0.75
b) 0.5
c) 0.05
d) 1
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Acme Corporation manufactures a product that sells for $12/unit. Total fixed costs are dollar 96,000 & variable costs are $7 per unit.
The random variable x is known to be uniformly distributed between 70 and 90. The possibility of x having a value between 80 to 95 is.
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