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%
Correct Answer:
Verified
Correct Answer:
Verified
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