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A Financial Advising Company Has Determined That the Price-To-Earnings Ratios

Question 66

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A financial advising company has determined that the price-to-earnings ratios for 20 randomly selected publicly traded companies range between 0.9 and 2.9.Given that the price-to-earnings ratios are uniformly distributed,what percent of price-to-earnings ratios are less than 0.9? _____________

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