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A company found that monthly reimbursements to their employees could be adequately modeled by a uniform distribution over the interval $10,000 < x < 15,000.
What is the probability of employee reimbursements exceeding $12,000 next month?


A Company Found That Monthly Reimbursements To Their Employees Could Be Adequately Modeled By A Uniform Distribution Over The Interval 10000 Lt X Lt 15000 What class=

Sagot :

Answer:

0.6 = 60% probability of employee reimbursements exceeding $12,000 next month

Step-by-step explanation:

A distribution is called uniform if each outcome has the same probability of happening.

The uniform distributon has two bounds, a and b, and the probability of finding a value higher than x is given by:

[tex]P(X > x) = \frac{b - x}{b - a}[/tex]

A company found that monthly reimbursements to their employees could be adequately modeled by a uniform distribution over the interval $10,000 < x < 15,000.

This means that, in thousands of dollars, [tex]a = 10, b = 15[/tex]

What is the probability of employee reimbursements exceeding $12,000 next month?

[tex]P(X > 12) = \frac{15 - 12}{15 - 10} = \frac{3}{5} = 0.6[/tex]

0.6 = 60% probability of employee reimbursements exceeding $12,000 next month