O D. the probability of selling between 15,000 and 20,000 is believed to be at l

Question

O D. the probability of selling between 15,000 and 20,000 is believed to be at least 40% QUESTION 4 10 points Save Answer Table: The HP Stock Exchange Sales (in unit) 5,000-10,00010,000-15,000 15,000-20,000 20,000-25,000 25,000-30,000 Price (S) 0.10 0 20 0 40 0.20 0.10 Reference Ret 7.6 Table The HP Stock Exchange) The HP Stock Exchange lets members of HP's sales team buy and sell shares that pay off when sales fall within a certain range. A typical security would pay out S1, if and only if future sales fell within the specific range of that share Accordingly, the trading prices given in the table suggest that the probability of selling A between 10,000 and 15,000 units is at least 20%; B. between 15,000 and 25,000 units is 60% C less than 5,000 is 10% D:more than 15.000 is 40%.

Explanation / Answer

B is the correct option. Between 15,000 and 25,000 units is 60%

price of sales 15,000 -20,000 unit is 0.40 and price of sales 20,00 - 25,000 unit is 0.20 so the price of sales 15,000 - 25,000 unit is = 0.40 + 0.20 = 0.60 or 60%

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