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 is the average price-to-earnings ratio?
A) 0.9
B) 1.9
C) 2.9
D) 3.8
E) None of the choices are correct
Correct Answer:
Verified
Correct Answer:
Verified
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