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Assume production costs are uniformely distributed between $200 and $400. Find the probability that costs are between $300 nad $380. In the same time, somebody claims that it is the same as in between $200 and $280. Explain why without calculations.

Assume the distribution above is normal (300,50). Calculate the probabilities as stated as stated above. What is your conclusion?

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Financial Management, Finance

Category:- Financial Management
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