The chief financial officer at Venture Corporation believes that an investment in a new project will have

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The chief financial officer at Venture Corporation believes that an investment in a new project will have a cash flow in year one that is uniformly distributed between $1 million and $10 million. What is the probability that the cash flow in year one will be greater than $1.7 million?

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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