## Question

###### 1. The price of a bond is uniformly distributed between $80 and $85. (Please show work)...

1. The price of a bond is uniformly distributed between $80 and $85. (Please show work)

a. What is the probability that the bond price will be at least $83?

b. Determine the expected price of the bond.

c. Compute the standard deviation for the bond price.

## Answers

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