Mino2020-01-12 18:20:59

You are forecasting sales for a company in the fourth quarter of its fiscal year. Your low- end estimate of sales is €14 million, and your high- end estimate is €15 million. You decide to treat all outcomes for sales between these two values as equally likely, using a continuous uniform distribution. A What is the expected value of sales for the fourth quarter? B What is the probability that fourth- quarter sales will be less than or equal to €14,125,000?