Question
Based on historical data, sales for a particular cosmetic line follow a continuous uniform distribution with...
Based on historical data, sales for a particular cosmetic line follow a continuous uniform distribution with a lower limit of $2,500 and an upper limit of $5,000.
A. What are the mean and standard deviation of this uniform distribution?
B. What is the probability that sales exceed $4,000?
Please provide answer in Excel format
Homework Answers
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