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An energy analyst forecasts that the price per barrel of crude oil five years from now will range between USD$175 and USD$205. Assume oil prices are a continuous uniform distribution. Recall that the cumulative distribution function for a continuous uniform variable is: The probability (in %) that the price will be less than USD$180 five years from now is closest to:A:5.6. B:16.7. C:44.4. |
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