An analyst is forecasting net income for Excellence Corporation for the next fiscal year. Her low-end estimate of net income is $250,000, and her high-end estimate is $300,000. Prior research allows her to assume that net income follows a continuous uniform distribution. What is the probability that net income will be less than $260,000?

Answer rating: 100% (QA)

ANS WER 0 5 WORK ING We are given that the analyst s low end estimate of net income for the next fi... View the full answer