Question: Question 5 1 pts An analyst is forecasting the quarterly sales of Company X. The low end estimate of sales is $18 million and the

 Question 5 1 pts An analyst is forecasting the quarterly sales

Question 5 1 pts An analyst is forecasting the quarterly sales of Company X. The low end estimate of sales is $18 million and the high end estimate is $20 million. The analyst does not have further insights on the forecasts therefore decides to treat all outcomes for sales between these two values as equally likely, as a continuous uniform distribution. What is the probability that the quarterly sales will be more than or equal to $19.5 million? 25% 75% 50% 2.5%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!