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

Multiple Choice

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 between 1.90 and 2.48?

A) 19%
B) 20%
C) 26%
D) 29%
E) None of the choices are correct