Suppose that the value of a stock varies each day from $8.82 to $21.17 with a...
Suppose that the value of a stock varies each day from $8.82 to
$21.17 with a uniform distribution. Find the third quartile, i.e.,
75% of all days the stock is below what value? Round your
answer to the nearest cent.
$
Homework Answers
Solution :
Given that,
a = 8.82
b = 21.17
PERCENTILE= a + (b - a)p
=8.82+(21.17-8.82)0.75
=15.8775
=16$
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